Teacher Retirement System of Texas Purchases 3,710 Shares of U.S. Physical Therapy, Inc. (NYSE:USPH)

Teacher Retirement System of Texas boosted its position in shares of U.S. Physical Therapy, Inc. (NYSE:USPH - Free Report) by 6.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,381 shares of the company's stock after purchasing an additional 3,710 shares during the period. Teacher Retirement System of Texas owned 0.38% of U.S. Physical Therapy worth $4,152,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC bought a new position in U.S. Physical Therapy during the fourth quarter valued at about $203,000. US Bancorp DE raised its holdings in U.S. Physical Therapy by 4.4% during the fourth quarter. US Bancorp DE now owns 9,541 shares of the company's stock valued at $846,000 after buying an additional 399 shares in the last quarter. Proficio Capital Partners LLC bought a new position in U.S. Physical Therapy during the fourth quarter valued at about $3,526,000. Raymond James Financial Inc. bought a new position in U.S. Physical Therapy during the fourth quarter valued at about $6,240,000. Finally, PNC Financial Services Group Inc. raised its holdings in U.S. Physical Therapy by 37.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,605 shares of the company's stock valued at $409,000 after buying an additional 1,254 shares in the last quarter.

Insider Activity at U.S. Physical Therapy

In related news, Director Nancy Ham sold 400 shares of U.S. Physical Therapy stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $78.01, for a total transaction of $31,204.00. Following the completion of the sale, the director owned 2,594 shares of the company's stock, valued at approximately $202,357.94. This trade represents a 13.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

USPH has been the topic of a number of recent analyst reports. Barrington Research reiterated an "outperform" rating and issued a $98.00 price objective on shares of U.S. Physical Therapy in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lowered their target price on U.S. Physical Therapy from $120.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 19th. JMP Securities reiterated a "market outperform" rating and set a $113.00 price target on shares of U.S. Physical Therapy in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded U.S. Physical Therapy from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, U.S. Physical Therapy presently has an average rating of "Moderate Buy" and a consensus price target of $109.00.

U.S. Physical Therapy Trading Up 0.3%

Shares of U.S. Physical Therapy stock traded up $0.21 on Thursday, hitting $76.69. 145,415 shares of the company's stock traded hands, compared to its average volume of 123,228. U.S. Physical Therapy, Inc. has a one year low of $62.77 and a one year high of $101.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day moving average of $76.48 and a two-hundred day moving average of $79.29. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 3.72 and a beta of 1.44.

U.S. Physical Therapy (NYSE:USPH - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $183.79 million for the quarter, compared to analyst estimates of $176.78 million. U.S. Physical Therapy had a return on equity of 7.89% and a net margin of 4.57%. The company's quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, sell-side analysts expect that U.S. Physical Therapy, Inc. will post 2.67 earnings per share for the current year.

U.S. Physical Therapy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Friday, May 23rd. U.S. Physical Therapy's payout ratio is currently 82.57%.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.