Universal Health Realty Income Trust (NYSE:UHT) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Universal Health Realty Income Trust (NYSE:UHTGet Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $40.83 and traded as high as $40.86. Universal Health Realty Income Trust shares last traded at $40.0940, with a volume of 80,577 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Health Realty Income Trust in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Get Our Latest Report on Universal Health Realty Income Trust

Universal Health Realty Income Trust Stock Down 0.6%

The company has a debt-to-equity ratio of 2.56, a current ratio of 6.14 and a quick ratio of 6.14. The business’s fifty day simple moving average is $41.72 and its two-hundred day simple moving average is $40.83. The company has a market cap of $556.50 million, a PE ratio of 31.32 and a beta of 0.83.

Universal Health Realty Income Trust (NYSE:UHTGet Free Report) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.36 earnings per share for the quarter. Universal Health Realty Income Trust had a net margin of 18.00% and a return on equity of 11.44%. The company had revenue of $24.53 million during the quarter.

Universal Health Realty Income Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 7.4%. Universal Health Realty Income Trust’s payout ratio is currently 232.81%.

Institutional Trading of Universal Health Realty Income Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Universal Health Realty Income Trust during the third quarter worth about $29,000. Bessemer Group Inc. boosted its holdings in Universal Health Realty Income Trust by 120.6% in 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 during the last quarter. MAI Capital Management boosted its holdings in Universal Health Realty Income Trust by 273.8% in the 3rd quarter. MAI Capital Management now owns 800 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Universal Health Realty Income Trust by 130.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,063 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 602 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Universal Health Realty Income Trust by 848.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,167 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,044 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

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Universal Health Realty Income Trust (NYSE: UHT) is a real estate investment trust specializing in the ownership, financing and development of healthcare-related properties. The company’s primary focus is on sale-leaseback and build-to-suit transactions with hospitals, healthcare systems and senior living operators. Its portfolio includes medical office buildings, hospitals, outpatient facilities, senior housing communities and life science research facilities, all structured to provide long-term, triple-net leases with established healthcare providers.

UHT’s real estate holdings are diversified across key markets throughout the United States, from major metropolitan areas to growing suburban regions.

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