U.S. Physical Therapy (NYSE:USPH – Free Report) had its target price lifted by Barrington Research from $90.00 to $98.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.
Several other research analysts also recently commented on USPH. Citigroup reissued a “market outperform” rating on shares of U.S. Physical Therapy in a report on Friday, July 24th. Zacks Research raised U.S. Physical Therapy from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of U.S. Physical Therapy in a research report on Friday, May 29th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $98.00 price objective on shares of U.S. Physical Therapy in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.50.
Read Our Latest Research Report on USPH
U.S. Physical Therapy Stock Up 0.2%
U.S. Physical Therapy (NYSE:USPH – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.06). The firm had revenue of $214.06 million for the quarter, compared to the consensus estimate of $211.36 million. U.S. Physical Therapy had a net margin of 3.97% and a return on equity of 9.39%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 earnings per share. Equities research analysts predict that U.S. Physical Therapy will post 2.96 earnings per share for the current fiscal year.
U.S. Physical Therapy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.84 annualized dividend and a yield of 2.2%. U.S. Physical Therapy’s dividend payout ratio is currently 1,082.35%.
Insider Activity at U.S. Physical Therapy
In other news, Director Peter Francis Minan bought 492 shares of the stock in a transaction dated Monday, June 8th. The stock was bought at an average cost of $63.14 per share, with a total value of $31,064.88. Following the purchase, the director owned 2,923 shares of the company’s stock, valued at approximately $184,558.22. This represents a 20.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.
Hedge Funds Weigh In On U.S. Physical Therapy
Several hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its holdings in U.S. Physical Therapy by 56.4% during the 4th quarter. Hantz Financial Services Inc. now owns 366 shares of the company’s stock worth $29,000 after purchasing an additional 132 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of U.S. Physical Therapy in the 2nd quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in shares of U.S. Physical Therapy during the 3rd quarter worth approximately $39,000. iSAM Funds UK Ltd acquired a new stake in shares of U.S. Physical Therapy during the 3rd quarter worth approximately $52,000. Finally, Parallel Advisors LLC raised its stake in shares of U.S. Physical Therapy by 75.2% during the first quarter. Parallel Advisors LLC now owns 785 shares of the company’s stock worth $59,000 after buying an additional 337 shares during the last quarter.
About U.S. Physical Therapy
U.S. Physical Therapy, Inc (NYSE: USPH) is a leading owner and operator of outpatient physical therapy clinics across the United States. The company delivers rehabilitative care to patients recovering from orthopedic injuries, neurological disorders and chronic conditions. Its core services include one-on-one physical therapy sessions, aquatic therapy, occupational therapy, massage therapy and sports medicine programs designed to restore mobility and enhance quality of life.
In addition to traditional rehabilitation services, U.S.
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