Vanguard Group Inc. Sells 24,307 Shares of Universal Health Realty Income Trust $UHT

Key Points

• Vanguard Group Inc. reduced its stake in Universal Health Realty Income Trust by 1.5%, now holding approximately 11.65% of the company, valued at $66 million.
• The stock of Universal Health Realty Income Trust recently traded at $40.36, remaining stable despite fluctuating 52-week highs and lows of $47.30 and $34.56 respectively.
• Universal Health Realty Income Trust announced a quarterly dividend of $0.74, resulting in an annualized yield of 7.3%, although it has a high payout ratio of 229.46%.

Vanguard Group Inc. trimmed its holdings in shares of Universal Health Realty Income Trust (NYSE:UHT - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,613,414 shares of the real estate investment trust's stock after selling 24,307 shares during the quarter. Vanguard Group Inc. owned about 11.65% of Universal Health Realty Income Trust worth $66,085,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of UHT. PNC Financial Services Group Inc. raised its stake 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 valued at $253,000 after purchasing an additional 308 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Universal Health Realty Income Trust by 16.3% during the first quarter. Crestwood Advisors Group LLC now owns 11,242 shares of the real estate investment trust's stock worth $460,000 after purchasing an additional 1,576 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in Universal Health Realty Income Trust in the first quarter valued at approximately $420,000. 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 valued at $89,000 after acquiring an additional 628 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in Universal Health Realty Income Trust by 21.0% in the first quarter. Penserra Capital Management LLC now owns 27,486 shares of the real estate investment trust's stock valued at $1,125,000 after acquiring an additional 4,763 shares during the last quarter. 64.66% of the stock is owned by institutional investors.

Universal Health Realty Income Trust Trading Down 1.7%

UHT traded down $0.68 during trading on Thursday, hitting $40.11. The company's stock had a trading volume of 19,271 shares, compared to its average volume of 62,304. Universal Health Realty Income Trust has a twelve month low of $34.56 and a twelve month high of $47.30. The company has a quick ratio of 7.25, a current ratio of 7.25 and a debt-to-equity ratio of 2.26. The stock's fifty day moving average price is $40.18 and its 200-day moving average price is $39.74. The firm has a market capitalization of $556.33 million, a P/E ratio of 31.09 and a beta of 0.98.

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

Universal Health Realty Income Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, June 23rd. This is a positive change 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 7.4%. Universal Health Realty Income Trust's payout ratio is currently 229.46%.

About Universal Health Realty Income Trust

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.