Universal Health Realty Income Trust (NYSE:UHT) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Universal Health Realty Income Trust (NYSE:UHT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.26 and traded as high as $42.95. Universal Health Realty Income Trust shares last traded at $40.5970, with a volume of 244,526 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Universal Health Realty Income Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Universal Health Realty Income Trust Stock Performance

The company has a debt-to-equity ratio of 2.46, a quick ratio of 6.05 and a current ratio of 6.05. The company has a market cap of $563.49 million, a P/E ratio of 32.22 and a beta of 0.89. The stock’s fifty day moving average price is $41.86 and its two-hundred day moving average price is $40.25.

Universal Health Realty Income Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, March 23rd. Universal Health Realty Income Trust’s dividend payout ratio (DPR) is currently 236.51%.

Hedge Funds Weigh In On Universal Health Realty Income Trust

A number of institutional investors have recently modified their holdings of UHT. Mercer Global Advisors Inc. ADV boosted its stake in Universal Health Realty Income Trust by 16.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,571 shares of the real estate investment trust’s stock valued at $375,000 after buying an additional 1,360 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Universal Health Realty Income Trust during the fourth quarter worth about $527,000. VARCOV Co. bought a new position in shares of Universal Health Realty Income Trust in the fourth quarter worth about $308,000. Quadrature Capital Ltd acquired a new stake in shares of Universal Health Realty Income Trust in the 4th quarter valued at approximately $363,000. Finally, Millennium Management LLC grew its holdings in shares of Universal Health Realty Income Trust by 16.6% during the 4th quarter. Millennium Management LLC now owns 56,602 shares of the real estate investment trust’s stock valued at $2,219,000 after purchasing an additional 8,060 shares during the last quarter. Institutional investors and hedge funds own 64.66% of the company’s stock.

Universal Health Realty Income Trust Company Profile

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.