Universal Health Realty Income Trust (NYSE:UHT) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• UHT shares moved above their 200-day moving average, reaching $41.95 before closing at $41.36. The stock remains rated “Hold” by the consensus of the one analyst covering it.
• Universal Health Realty Income Trust reported quarterly revenue of $24.99 million and earnings of $0.37 per share, with a 19.4% net margin and 12.31% return on equity.
• The REIT increased its quarterly dividend to $0.75, or $3.00 annually, producing a yield of approximately 7.3%; however, its payout ratio is elevated at 215.83%. Institutional investors own about 64.66% of the company.

Universal Health Realty Income Trust (NYSE:UHT - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.90 and traded as high as $41.95. Universal Health Realty Income Trust shares last traded at $41.36, with a volume of 55,994 shares changing hands.

Wall Street Analyst Weigh In

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

Universal Health Realty Income Trust Stock Up 0.2%

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 has a market capitalization of $574.90 million, a PE ratio of 29.76 and a beta of 0.82. The stock's fifty day simple moving average is $42.31 and its 200-day simple moving average is $41.90.

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 EPS for the quarter. Universal Health Realty Income Trust had a net margin of 19.40% and a return on equity of 12.31%. The company had revenue of $24.99 million during the quarter.

Universal Health Realty Income Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a $0.75 dividend. 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. This is a positive change from Universal Health Realty Income Trust's previous quarterly dividend of $0.74. Universal Health Realty Income Trust's payout ratio is currently 215.83%.

Institutional Investors Weigh In On Universal Health Realty Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moore Capital Management LP purchased a new position in shares of Universal Health Realty Income Trust in the 4th quarter worth approximately $1,997,000. Millennium Management LLC bought a new position in shares of Universal Health Realty Income Trust in the third quarter valued at approximately $1,901,000. LPL Financial LLC increased its position in shares of Universal Health Realty Income Trust by 465.7% during the fourth quarter. LPL Financial LLC now owns 50,112 shares of the real estate investment trust's stock valued at $1,965,000 after acquiring an additional 41,253 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Universal Health Realty Income Trust during the fourth quarter valued at approximately $876,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Universal Health Realty Income Trust by 29.3% during the first quarter. Goldman Sachs Group Inc. now owns 95,865 shares of the real estate investment trust's stock worth $3,927,000 after acquiring an additional 21,708 shares during the period. Hedge funds and other institutional investors own 64.66% of the company's stock.

About Universal Health Realty Income Trust

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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