Universal Health Realty Income Trust $UHT Shares Sold by Principal Financial Group Inc.

Key Points

• Principal Financial Group cut its UHT stake by 77.4% in the second quarter, selling 60,104 shares and retaining 17,561 shares worth approximately $770,000. Institutional investors collectively own 64.66% of the REIT.
• UHT reported quarterly EPS of $0.37 on revenue of $24.99 million. Its shares opened at $41.36, within a 12-month range of $35.26 to $46.30.
• The company raised its quarterly dividend to $0.75 per share, or $3.00 annually, representing a 7.3% yield; analysts maintain an overall “Hold” rating.

Principal Financial Group Inc. reduced its stake in Universal Health Realty Income Trust (NYSE:UHT - Free Report) by 77.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,561 shares of the real estate investment trust's stock after selling 60,104 shares during the quarter. Principal Financial Group Inc. owned 0.13% of Universal Health Realty Income Trust worth $770,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Universal Health Realty Income Trust by 4.7% during the first quarter. AQR Capital Management LLC now owns 24,789 shares of the real estate investment trust's stock worth $1,015,000 after purchasing an additional 1,120 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Universal Health Realty Income Trust by 29.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 95,865 shares of the real estate investment trust's stock valued at $3,927,000 after buying an additional 21,708 shares during the last quarter. Jane Street Group LLC increased its stake in Universal Health Realty Income Trust by 41.4% in the 1st quarter. Jane Street Group LLC now owns 24,493 shares of the real estate investment trust's stock valued at $1,003,000 after buying an additional 7,175 shares during the period. Strs Ohio acquired a new position in Universal Health Realty Income Trust in the 1st quarter valued at $102,000. Finally, Creative Planning raised its position in Universal Health Realty Income Trust by 21.1% during the 2nd quarter. Creative Planning now owns 10,877 shares of the real estate investment trust's stock worth $435,000 after buying an additional 1,896 shares during the last quarter. Institutional investors and hedge funds own 64.66% of the company's stock.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Universal Health Realty Income Trust currently has an average rating of "Hold".

Universal Health Realty Income Trust Price Performance

Shares of UHT opened at $41.36 on Friday. The company has a current ratio of 5.54, a quick ratio of 6.14 and a debt-to-equity ratio of 2.67. The stock's 50 day moving average is $42.31 and its two-hundred day moving average is $41.90. Universal Health Realty Income Trust has a twelve month low of $35.26 and a twelve month high of $46.30. The firm has a market capitalization of $574.90 million, a PE ratio of 29.76 and a beta of 0.82.

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

Universal Health Realty Income Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a dividend of $0.75 per share. This is a boost 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 7.3%. The ex-dividend date of this dividend was Monday, June 22nd. Universal Health Realty Income Trust's dividend payout ratio is currently 215.83%.

Universal Health Realty Income Trust 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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