Universal Health Realty Income Trust $UHT Shares Sold by State Street Corp

Key Points

• State Street reduced its UHT stake by 32.5% in the second quarter, selling 181,758 shares and retaining 377,502 shares worth approximately $16.6 million. Institutional investors collectively own 64.66% of the REIT.
• UHT carries a consensus “Hold” rating, with shares opening at $38.51 and trading between a 52-week range of $35.26 to $46.30.
• The company declared a quarterly dividend of $0.75 per share, equal to $3.00 annually and a 7.8% yield. Its dividend payout ratio is notably high at 215.83%.

State Street Corp trimmed its position in shares of Universal Health Realty Income Trust (NYSE:UHT - Free Report) by 32.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 377,502 shares of the real estate investment trust's stock after selling 181,758 shares during the period. State Street Corp owned about 2.72% of Universal Health Realty Income Trust worth $16,557,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UHT. Bessemer Group Inc. raised its holdings in shares of Universal Health Realty Income Trust by 120.6% in the 1st quarter. Bessemer Group Inc. now owns 759 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 415 shares in the last quarter. Trust Co. of Vermont purchased a new position in Universal Health Realty Income Trust in the second quarter valued at $41,000. Hantz Financial Services Inc. raised its stake in Universal Health Realty Income Trust by 81.4% in the fourth quarter. Hantz Financial Services Inc. now owns 1,758 shares of the real estate investment trust's stock valued at $69,000 after buying an additional 789 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Universal Health Realty Income Trust in the second quarter valued at $86,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Universal Health Realty Income Trust during the 4th quarter worth about $122,000. Institutional investors and hedge funds own 64.66% of the company's stock.

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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Universal Health Realty Income Trust Stock Down 0.4%

UHT opened at $38.51 on Friday. The business has a 50 day moving average price of $41.54 and a two-hundred day moving average price of $41.57. The company has a quick ratio of 5.54, a current ratio of 5.54 and a debt-to-equity ratio of 2.67. The company has a market cap of $535.29 million, a PE ratio of 27.71 and a beta of 0.82. 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 announced its earnings results on Monday, July 27th. The real estate investment trust reported $0.37 earnings per share for the quarter. Universal Health Realty Income Trust had a return on equity of 12.31% and a net margin of 19.40%.The company had revenue of $24.99 million for the quarter.

Universal Health Realty Income Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Monday, September 21st. Universal Health Realty Income Trust's dividend payout ratio (DPR) is currently 215.83%.

Universal Health Realty Income Trust Company Profile

Universal Health Realty Income Trust NYSE: UHT is a real estate investment trust that owns and invests in healthcare-related properties. The company generates income primarily by leasing these properties to healthcare operators under long-term agreements.

Its portfolio has historically included acute-care hospitals, behavioral health facilities, outpatient and ambulatory care centers, physician office buildings, surgery centers, and other healthcare-related properties. Many of its leases are structured as long-term arrangements in which tenants are responsible for a substantial portion of the property's operating expenses.

Universal Health Realty Income Trust was established in 1986 and was formed in association with Universal Health Services, a healthcare management company.

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