Universal Health Realty Income Trust (NYSE:UHT) Announces Earnings Results

Universal Health Realty Income Trust (NYSE:UHT) issued its earnings results on Tuesday. The real estate investment trust reported $0.35 EPS for the quarter, FiscalAI reports. The company had revenue of $25.35 million during the quarter.

Universal Health Realty Income Trust Stock Down 2.5%

Universal Health Realty Income Trust stock opened at $36.77 on Wednesday. Universal Health Realty Income Trust has a 52-week low of $35.69 and a 52-week high of $46.30. The firm has a market capitalization of $511.00 million, a price-to-earnings ratio of 26.45 and a beta of 0.82. The firm has a 50-day moving average price of $39.27 and a two-hundred day moving average price of $41.12.

Universal Health Realty Income Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Monday, September 21st. Universal Health Realty Income Trust’s payout ratio is presently 215.83%.

Analyst Ratings Changes

Separately, Weiss Ratings cut Universal Health Realty Income Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Universal Health Realty Income Trust has an average rating of “Hold”.

Hedge Funds Weigh In On Universal Health Realty Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. increased its position 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 acquiring an additional 415 shares during the period. Trust Co. of Vermont bought a new stake in Universal Health Realty Income Trust during the 2nd quarter valued at $41,000. Integrated Wealth Concepts LLC bought a new stake in Universal Health Realty Income Trust during the 2nd quarter valued at $86,000. John Boyer Inc. acquired a new position in Universal Health Realty Income Trust during the 3rd quarter worth $100,000. Finally, Nisa Investment Advisors LLC boosted its position in Universal Health Realty Income Trust by 197.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,017 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 2,004 shares during the period. 64.66% of the stock is currently owned by institutional investors and hedge funds.

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.