Universal Health Realty Income Trust (NYSE:UHT) Stock Rating Lowered by StockNews.com

by · The Cerbat Gem

StockNews.com cut shares of Universal Health Realty Income Trust (NYSE:UHT – Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Universal Health Realty Income Trust Price Performance

NYSE:UHT opened at $41.18 on Friday. The company has a market capitalization of $570.34 million, a P/E ratio of 30.73 and a beta of 0.83. The business’s 50-day moving average is $43.51 and its 200 day moving average is $40.72. The company has a current ratio of 6.65, a quick ratio of 7.93 and a debt-to-equity ratio of 2.02. Universal Health Realty Income Trust has a 12 month low of $32.27 and a 12 month high of $47.30.

Universal Health Realty Income Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend was Monday, September 16th. Universal Health Realty Income Trust’s payout ratio is currently 222.90%.

Hedge Funds Weigh In On Universal Health Realty Income Trust

Institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC lifted its holdings in Universal Health Realty Income Trust by 69.4% during the second quarter. ProShare Advisors LLC now owns 332,728 shares of the real estate investment trust’s stock worth $13,023,000 after buying an additional 136,308 shares during the period. Code Waechter LLC acquired a new stake in Universal Health Realty Income Trust in the third quarter valued at approximately $1,070,000. AQR Capital Management LLC purchased a new position in Universal Health Realty Income Trust in the second quarter worth $729,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Universal Health Realty Income Trust during the 1st quarter valued at $581,000. Finally, Los Angeles Capital Management LLC grew its stake in Universal Health Realty Income Trust by 213.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 22,387 shares of the real estate investment trust’s stock worth $876,000 after buying an additional 15,250 shares during the last quarter. Hedge funds and other institutional investors own 64.66% of the company’s stock.

Universal Health Realty Income Trust Company Profile

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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.

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