BlackRock Inc. Has $65.44 Million Stock Position in Universal Health Realty Income Trust $UHT

Key Points

• BlackRock reduced its UHT stake by 34% in the second quarter, selling 768,355 shares. It still owned 1.49 million shares, worth approximately $65.44 million and representing 10.75% of Universal Health Realty Income Trust.
• UHT reported quarterly earnings of $0.37 per share on revenue of $24.99 million, with a 19.40% net margin and 12.31% return on equity.
• The REIT increased its quarterly dividend to $0.75 per share, or $3.00 annually, implying a 7.2% yield; however, its payout ratio was high at 215.83%. The stock carries a consensus “Hold” rating.

BlackRock Inc. lowered its position in Universal Health Realty Income Trust (NYSE:UHT - Free Report) by 34.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,492,098 shares of the real estate investment trust's stock after selling 768,355 shares during the period. BlackRock Inc. owned about 10.75% of Universal Health Realty Income Trust worth $65,443,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its stake in Universal Health Realty Income Trust by 1.6% in the third quarter. Raymond James Financial Inc. now owns 18,698 shares of the real estate investment trust's stock valued at $732,000 after buying an additional 289 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Universal Health Realty Income Trust by 8.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,838 shares of the real estate investment trust's stock worth $190,000 after acquiring an additional 389 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Universal Health Realty Income Trust by 120.6% during the first quarter. Bessemer Group Inc. now owns 759 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 415 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Universal Health Realty Income Trust by 72.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,246 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 524 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Universal Health Realty Income Trust by 130.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,063 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 602 shares in the last quarter. 64.66% of the stock is currently owned by institutional investors.

Universal Health Realty Income Trust Stock Performance

Shares of UHT stock opened at $41.40 on Monday. The company has a market capitalization of $575.46 million, a price-to-earnings ratio of 29.78 and a beta of 0.82. The company has a debt-to-equity ratio of 2.67, a quick ratio of 5.54 and a current ratio of 5.54. The company has a 50-day simple moving average of $42.68 and a 200 day simple moving average of $41.99. Universal Health Realty Income Trust has a 52 week low of $35.26 and a 52 week high of $46.30.

Universal Health Realty Income Trust (NYSE:UHT - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.37 earnings per share for the quarter. The firm had revenue of $24.99 million for the quarter. Universal Health Realty Income Trust had a net margin of 19.40% and a return on equity of 12.31%.

Universal Health Realty Income Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were given a dividend of $0.75 per share. This is a positive change from Universal Health Realty Income Trust's previous quarterly dividend of $0.74. This represents a $3.00 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Monday, June 22nd. Universal Health Realty Income Trust's payout ratio is 215.83%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Universal Health Realty Income Trust from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".

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.

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