Universal Health Realty Income Trust (NYSE:UHT) Stock Moved Up to Strong-Buy by Freedom Broker

Universal Health Realty Income Trust (NYSE:UHT) was upgraded by Freedom Broker from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

Other analysts also recently issued reports about the company. UBS Group raised Universal Health Realty Income Trust to a “buy” rating in a report on Thursday. Weiss Ratings downgraded Universal Health Realty Income Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Universal Health Realty Income Trust Price Performance

UHT opened at $38.21 on Thursday. The stock’s 50-day moving average price is $39.07 and its 200 day moving average price is $41.08. Universal Health Realty Income Trust has a 12-month low of $36.07 and a 12-month high of $46.30. The company has a current ratio of 6.19, a quick ratio of 5.54 and a debt-to-equity ratio of 2.84. The firm has a market cap of $531.12 million, a price-to-earnings ratio of 26.35 and a beta of 0.82.

Universal Health Realty Income Trust (NYSE:UHT) last posted its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.35 EPS for the quarter. Universal Health Realty Income Trust had a net margin of 20.31% and a return on equity of 13.34%. The business had revenue of $25.35 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Independent Wealth Network Inc. raised its position in 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 worth $610,000 after acquiring an additional 284 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Universal Health Realty Income Trust by 120.6% during the 1st quarter. Bessemer Group Inc. now owns 759 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 415 shares in the last quarter. Total Wealth Planning & Management Inc. boosted its position in shares of Universal Health Realty Income Trust by 2.6% during the 3rd quarter. Total Wealth Planning & Management Inc. now owns 16,449 shares of the real estate investment trust’s stock valued at $615,000 after purchasing an additional 416 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Universal Health Realty Income Trust in the 2nd quarter worth approximately $41,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of Universal Health Realty Income Trust by 9.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,549 shares of the real estate investment trust’s stock worth $694,000 after purchasing an additional 1,560 shares during the last quarter. Hedge funds and other institutional investors own 64.66% of the company’s stock.

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.