Universal Health Realty Income Trust (NYSE:UHT) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Technical breakout: UHT shares moved above their 200-day moving average of $40.34, trading as high as $42.93 and last at $42.315, indicating short-term positive momentum versus the longer-term trend.
• High dividend but risky payout: The REIT pays a quarterly $0.745 dividend (annualized $2.98) for a ~7.0% yield, but the payout ratio is an elevated 236.51%, which raises sustainability concerns.
• Mixed fundamentals and sentiment: Analysts hold a consensus "Hold," institutional ownership is about 64.7%, and the company has a market cap near $587M with a P/E of 33.6 and a relatively high debt-to-equity ratio of 2.46.

Universal Health Realty Income Trust (NYSE:UHT - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.34 and traded as high as $42.93. Universal Health Realty Income Trust shares last traded at $42.3150, with a volume of 58,931 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Universal Health Realty Income Trust in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

Universal Health Realty Income Trust Price Performance

The company's 50-day moving average price is $42.44 and its two-hundred day moving average price is $40.34. The company has a market cap of $587.33 million, a P/E ratio of 33.58 and a beta of 0.87. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 2.46.

Universal Health Realty Income Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given a $0.745 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.98 annualized dividend and a dividend yield of 7.0%. Universal Health Realty Income Trust's payout ratio is presently 236.51%.

Institutional Investors Weigh In On Universal Health Realty Income Trust

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Universal Health Realty Income Trust by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,619,739 shares of the real estate investment trust's stock valued at $63,445,000 after buying an additional 15,550 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Universal Health Realty Income Trust by 5.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 365,199 shares of the real estate investment trust's stock valued at $14,597,000 after buying an additional 19,679 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Universal Health Realty Income Trust by 7.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 158,762 shares of the real estate investment trust's stock valued at $6,219,000 after buying an additional 10,654 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Universal Health Realty Income Trust by 1.9% during the 3rd quarter. ProShare Advisors LLC now owns 154,381 shares of the real estate investment trust's stock valued at $6,047,000 after buying an additional 2,870 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Universal Health Realty Income Trust by 8.9% during the 2nd quarter. Invesco Ltd. now owns 154,328 shares of the real estate investment trust's stock valued at $6,168,000 after buying an additional 12,630 shares during the last quarter. 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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