Universal Health Realty Income Trust (NYSE:UHT) Announces Quarterly Earnings Results

Key Points

• Universal Health Realty Income Trust (NYSE:UHT) reported a quarterly earnings per share of $0.85 with a return on equity of 10.34%.
• The company increased its dividend to $0.74 per share, yielding 7.24%, despite a high payout ratio of 219.26%.
• Shares of Universal Health Realty fell by 0.7% to $40.91, with 54,979 shares traded, below its average volume of 61,181.

Universal Health Realty Income Trust (NYSE:UHT - Get Free Report) released its earnings results on Monday. The real estate investment trust reported $0.85 earnings per share for the quarter, Zacks reports. Universal Health Realty Income Trust had a return on equity of 10.34% and a net margin of 19.01%.

Universal Health Realty Income Trust Stock Down 0.7%

Shares of Universal Health Realty Income Trust stock traded down $0.30 on Monday, reaching $40.91. 54,979 shares of the company were exchanged, compared to its average volume of 61,181. Universal Health Realty Income Trust has a 1-year low of $34.56 and a 1-year high of $47.30. The company has a market cap of $566.53 million, a P/E ratio of 30.30 and a beta of 0.92. The company has a debt-to-equity ratio of 2.14, a current ratio of 8.49 and a quick ratio of 8.49. The stock's 50 day moving average price is $40.44 and its 200-day moving average price is $39.59.

Universal Health Realty Income Trust Increases Dividend

The business also recently disclosed 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 an increase 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 7.24%. Universal Health Realty Income Trust's payout ratio is currently 219.26%.

Hedge Funds Weigh In On Universal Health Realty Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position 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 buying an additional 1,120 shares in the last quarter. Strs Ohio acquired a new position in Universal Health Realty Income Trust in the first quarter valued at approximately $102,000. Jane Street Group LLC boosted its holdings in Universal Health Realty Income Trust by 41.4% in the first quarter. Jane Street Group LLC now owns 24,493 shares of the real estate investment trust's stock valued at $1,003,000 after purchasing an additional 7,175 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Universal Health Realty Income Trust by 29.3% in the first quarter. Goldman Sachs Group Inc. now owns 95,865 shares of the real estate investment trust's stock valued at $3,927,000 after purchasing an additional 21,708 shares in the last quarter. 64.66% of the stock is owned by institutional investors and hedge funds.

Universal Health Realty Income Trust Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.