Universal Health Realty Income Trust (NYSE:UHT) Reaches New 12-Month High – Time to Buy?

Shares of Universal Health Realty Income Trust (NYSE:UHT) hit a new 52-week high during trading on Thursday . The stock traded as high as $43.10 and last traded at $42.9670, with a volume of 51065 shares traded. The stock had previously closed at $42.43.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Health Realty Income Trust in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Universal Health Realty Income Trust currently has a consensus rating of “Hold”.

Universal Health Realty Income Trust Stock Performance

The company has a debt-to-equity ratio of 2.37, a current ratio of 7.37 and a quick ratio of 7.37. The company has a fifty day moving average price of $40.36 and a 200 day moving average price of $39.55. The stock has a market cap of $595.95 million, a P/E ratio of 33.31 and a beta of 0.91.

Universal Health Realty Income Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.745 per share. This is a boost from Universal Health Realty Income Trust’s previous quarterly dividend of $0.74. The ex-dividend date was Monday, December 22nd. This represents a $2.98 dividend on an annualized basis and a yield of 6.9%. Universal Health Realty Income Trust’s dividend payout ratio (DPR) is presently 231.01%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of Universal Health Realty Income Trust during the third quarter worth about $29,000. MAI Capital Management increased its holdings in Universal Health Realty Income Trust by 273.8% during the 3rd quarter. MAI Capital Management now owns 800 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 586 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Universal Health Realty Income Trust by 130.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,063 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 602 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Universal Health Realty Income Trust by 848.8% in the third quarter. Versant Capital Management Inc now owns 1,167 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Universal Health Realty Income Trust by 72.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,246 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 524 shares in the last quarter. 64.66% of the stock is owned by institutional investors.

Universal Health Realty Income Trust Company Profile

Universal Health Realty Income Trust (NYSE: UHT) is a real estate investment trust specializing in the ownership, financing and development of healthcare-related properties. The company’s primary focus is on sale-leaseback and build-to-suit transactions with hospitals, healthcare systems and senior living operators. Its portfolio includes medical office buildings, hospitals, outpatient facilities, senior housing communities and life science research facilities, all structured to provide long-term, triple-net leases with established healthcare providers.

UHT’s real estate holdings are diversified across key markets throughout the United States, from major metropolitan areas to growing suburban regions.