Universal Health Realty Income Trust $UHT Shares Sold by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon reduced its UHT position by 29.8%, selling 87,899 shares and retaining 206,923 shares valued at approximately $8.4 million. Institutional investors collectively own 64.66% of the REIT.
• Analyst sentiment remains neutral: Weiss Ratings upgraded UHT from “hold (c)” to “hold (c+),” while MarketBeat reports a consensus “Hold” rating.
• UHT shares opened at $43.52, near the upper half of their 52-week range, while the company raised its quarterly dividend to $0.75 per share, representing a 6.9% yield and a $3.00 annualized payout.

Bank of New York Mellon Corp lessened its holdings in Universal Health Realty Income Trust (NYSE:UHT - Free Report) by 29.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 206,923 shares of the real estate investment trust's stock after selling 87,899 shares during the period. Bank of New York Mellon Corp owned about 1.49% of Universal Health Realty Income Trust worth $8,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UHT. Advisory Services Network LLC acquired a new stake in Universal Health Realty Income Trust in the 3rd quarter valued at $29,000. Tower Research Capital LLC TRC lifted its position 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 acquiring an additional 602 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Universal Health Realty Income Trust during the 4th quarter worth approximately $46,000. Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 524 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in Universal Health Realty Income Trust by 81.4% in the 4th quarter. Hantz Financial Services Inc. now owns 1,758 shares of the real estate investment trust's stock worth $69,000 after acquiring an additional 789 shares during the period. Institutional investors and hedge funds own 64.66% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Universal Health Realty Income Trust from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Universal Health Realty Income Trust presently has a consensus rating of "Hold".

Universal Health Realty Income Trust Trading Up 0.2%

NYSE:UHT opened at $43.52 on Monday. The company has a market cap of $604.06 million, a PE ratio of 31.31 and a beta of 0.82. The business's 50 day moving average is $42.20 and its two-hundred day moving average is $41.78. The company has a quick ratio of 6.14, a current ratio of 5.54 and a debt-to-equity ratio of 2.67. 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 Increases Dividend

The company 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. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.00 annualized dividend and a dividend yield of 6.9%. This is an increase from Universal Health Realty Income Trust's previous quarterly dividend of $0.74. Universal Health Realty Income Trust's dividend payout ratio is currently 215.83%.

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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