Universal Health Realty Income Trust (NYSE:UHT) Announces Quarterly Earnings Results

Universal Health Realty Income Trust (NYSE:UHT) posted its earnings results on Tuesday. The real estate investment trust reported $0.35 earnings per share for the quarter, FiscalAI reports. The company had revenue of $25.35 million during the quarter. Universal Health Realty Income Trust had a net margin of 19.40% and a return on equity of 12.31%.

Universal Health Realty Income Trust Trading Up 0.9%

UHT stock traded up $0.35 during midday trading on Thursday, reaching $37.11. 2,973 shares of the company traded hands, compared to its average volume of 109,683. The firm has a market capitalization of $515.74 million, a price-to-earnings ratio of 26.70 and a beta of 0.82. The company has a debt-to-equity ratio of 2.67, a quick ratio of 5.54 and a current ratio of 5.54. The business has a 50 day moving average of $39.19 and a 200-day moving average of $41.10. Universal Health Realty Income Trust has a 52-week low of $36.07 and a 52-week high of $46.30.

Universal Health Realty Income Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Monday, September 21st. Universal Health Realty Income Trust’s dividend payout ratio is currently 215.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UHT. Squarepoint Ops LLC lifted its holdings in Universal Health Realty Income Trust by 263.6% during the 2nd quarter. Squarepoint Ops LLC now owns 20,660 shares of the real estate investment trust’s stock valued at $906,000 after buying an additional 14,978 shares in the last quarter. Total Wealth Planning & Management Inc. raised its holdings in shares of Universal Health Realty Income Trust by 2.6% in the third quarter. Total Wealth Planning & Management Inc. now owns 16,449 shares of the real estate investment trust’s stock valued at $615,000 after acquiring an additional 416 shares in the last quarter. Independent Wealth Network Inc. raised its holdings in shares of Universal Health Realty Income Trust by 1.8% in the third quarter. Independent Wealth Network Inc. now owns 16,313 shares of the real estate investment trust’s stock valued at $610,000 after acquiring an additional 284 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Universal Health Realty Income Trust in the second quarter valued at about $86,000. Finally, Hsbc Holdings PLC purchased a new stake in Universal Health Realty Income Trust in the second quarter worth about $351,000. Institutional investors own 64.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Universal Health Realty Income Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Universal Health Realty Income Trust presently has an average rating of “Hold”.

About Universal Health Realty Income Trust

Universal Health Realty Income Trust (NYSE: UHT) is a real estate investment trust that owns and invests in healthcare and human-service-related properties. Its portfolio includes acute-care hospitals, behavioral health facilities, outpatient treatment centers, physician office buildings, ambulatory surgery centers and other healthcare facilities.

The company generally leases its properties to healthcare providers under long-term agreements, generating rental income from facilities operated by tenants.