Universal Health Realty Income Trust (NYSE:UHT) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Universal Health Realty Income Trust (NYSE:UHT) from a hold rating to a buy rating in a report released on Friday.

Universal Health Realty Income Trust Price Performance

Shares of UHT opened at $40.36 on Friday. The firm has a market cap of $557.98 million, a PE ratio of 34.50 and a beta of 0.82. Universal Health Realty Income Trust has a 52-week low of $32.27 and a 52-week high of $47.30. The business’s 50 day moving average price is $43.99 and its two-hundred day moving average price is $40.44. The company has a debt-to-equity ratio of 1.90, a quick ratio of 7.93 and a current ratio of 7.93.

Universal Health Realty Income Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date was Monday, September 16th. Universal Health Realty Income Trust’s payout ratio is 249.57%.

Hedge Funds Weigh In On Universal Health Realty Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new stake in Universal Health Realty Income Trust in the 2nd quarter valued at about $34,000. Signaturefd LLC increased its holdings in shares of Universal Health Realty Income Trust by 375.6% during the second quarter. Signaturefd LLC now owns 1,441 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,138 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Universal Health Realty Income Trust by 71.1% during the second quarter. Point72 Asset Management L.P. now owns 2,395 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 995 shares during the period. Ariadne Wealth Management LP bought a new position in shares of Universal Health Realty Income Trust in the 2nd quarter worth $116,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Universal Health Realty Income Trust in the 1st quarter valued at $158,000. Institutional investors own 64.66% of the company’s stock.

About Universal Health Realty Income Trust

Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human-service related facilities including acute care hospitals, behavioral health care hospitals, specialty facilities, medical/office buildings, free-standing emergency departments and childcare centers.