Connor Clark & Lunn Investment Management Ltd. Sells 7,447 Shares of Universal Health Realty Income Trust $UHT

Key Points

• Connor Clark & Lunn Investment Management Ltd. has significantly reduced its stake in Universal Health Realty Income Trust, cutting its holdings by 37.4% to 12,466 shares worth approximately $511,000.
• Despite this reduction, other institutional investors such as CWM LLC and Deutsche Bank AG have increased their positions, indicating mixed sentiment around the real estate investment trust.
• Universal Health Realty Income Trust recently announced a quarterly dividend of $0.74, reflecting a dividend yield of 7.7% and a dividend payout ratio of 229.46%.

Connor Clark & Lunn Investment Management Ltd. lowered its position in Universal Health Realty Income Trust (NYSE:UHT - Free Report) by 37.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,466 shares of the real estate investment trust's stock after selling 7,447 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Universal Health Realty Income Trust worth $511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in Universal Health Realty Income Trust by 40.7% in the first quarter. CWM LLC now owns 2,170 shares of the real estate investment trust's stock worth $89,000 after acquiring an additional 628 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Universal Health Realty Income Trust by 16.3% in the fourth quarter. Point72 Asset Management L.P. now owns 2,676 shares of the real estate investment trust's stock worth $100,000 after acquiring an additional 376 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Universal Health Realty Income Trust in the first quarter worth approximately $250,000. PNC Financial Services Group Inc. boosted its holdings in Universal Health Realty Income Trust by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,174 shares of the real estate investment trust's stock worth $253,000 after acquiring an additional 308 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Universal Health Realty Income Trust by 16.5% in the fourth quarter. Deutsche Bank AG now owns 8,705 shares of the real estate investment trust's stock worth $324,000 after acquiring an additional 1,233 shares in the last quarter. Institutional investors own 64.66% of the company's stock.

Universal Health Realty Income Trust Stock Up 2.2%

NYSE:UHT traded up $0.85 on Friday, hitting $40.29. The stock had a trading volume of 103,840 shares, compared to its average volume of 70,832. The business's fifty day moving average is $40.22 and its 200 day moving average is $39.72. The company has a market cap of $558.82 million, a PE ratio of 31.23 and a beta of 0.98. The company has a quick ratio of 7.25, a current ratio of 7.25 and a debt-to-equity ratio of 2.26. Universal Health Realty Income Trust has a 52 week low of $34.56 and a 52 week high of $47.30.

Universal Health Realty Income Trust (NYSE:UHT - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $24.87 million for the quarter. Universal Health Realty Income Trust had a return on equity of 10.27% and a net margin of 18.19%.

Universal Health Realty Income Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a $0.74 dividend. This is a boost from Universal Health Realty Income Trust's previous quarterly dividend of $0.74. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Monday, June 23rd. Universal Health Realty Income Trust's dividend payout ratio is 229.46%.

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.