Universal Health Realty Income Trust (NYSE:UHT) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Universal Health Realty Income Trust (NYSE:UHT) from a buy rating to a hold rating in a report published on Saturday morning.

Universal Health Realty Income Trust Price Performance

Shares of UHT stock opened at $39.49 on Friday. Universal Health Realty Income Trust has a 1 year low of $32.27 and a 1 year high of $47.30. The firm’s 50 day moving average is $43.60 and its 200-day moving average is $40.61. The firm has a market capitalization of $546.94 million, a price-to-earnings ratio of 30.15 and a beta of 0.83. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.73 per share. The ex-dividend date was Monday, September 16th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 7.39%. Universal Health Realty Income Trust’s payout ratio is 222.90%.

Hedge Funds Weigh In On Universal Health Realty Income Trust

A number of large investors have recently modified their holdings of UHT. Farther Finance Advisors LLC lifted its position in shares of Universal Health Realty Income Trust by 6,990.0% during the third quarter. Farther Finance Advisors LLC now owns 709 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 699 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Universal Health Realty Income Trust during the second quarter worth approximately $34,000. Signaturefd LLC lifted its position in shares of Universal Health Realty Income Trust by 375.6% during the second quarter. Signaturefd LLC now owns 1,441 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 1,138 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Universal Health Realty Income Trust by 71.1% during the second quarter. Point72 Asset Management L.P. now owns 2,395 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 995 shares in the last quarter. Finally, Ariadne Wealth Management LP acquired a new position in shares of Universal Health Realty Income Trust during the second quarter worth approximately $116,000. 64.66% of the stock is currently owned by institutional investors and hedge funds.

Universal Health Realty Income Trust Company Profile

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.