Universal Health Realty Income Trust (NYSE:UHT) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 116,500 shares, a decrease of 9.9% from the August 31st total of 129,300 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 46,900 shares, the days-to-cover ratio is presently 2.5 days.
NYSE:UHT traded up $1.45 during mid-day trading on Friday, hitting $59.74. 44,467 shares of the company’s stock were exchanged, compared to its average volume of 55,282. Universal Health Realty Income Trust has a fifty-two week low of $52.77 and a fifty-two week high of $132.41. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $822.62 million, a P/E ratio of 41.78 and a beta of 0.61. The company has a 50 day simple moving average of $64.93 and a 200-day simple moving average of $80.63.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.62%.
Separately, ValuEngine raised Universal Health Realty Income Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd.
In other news, Director Michael Allan Domb purchased 2,200 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average cost of $66.00 per share, for a total transaction of $145,200.00. Following the purchase, the director now owns 3,400 shares of the company’s stock, valued at $224,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert F. Mccadden acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were purchased at an average cost of $68.33 per share, for a total transaction of $68,330.00. Following the acquisition, the director now owns 4,600 shares in the company, valued at $314,318. The disclosure for this purchase can be found here. Insiders bought 4,700 shares of company stock valued at $315,995 in the last three months. Company insiders own 1.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont raised its stake in shares of Universal Health Realty Income Trust by 71.4% in the second quarter. Trust Co. of Vermont now owns 600 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 250 shares during the last quarter. Watson Rebecca bought a new position in Universal Health Realty Income Trust during the 2nd quarter valued at $49,000. Eqis Capital Management Inc. bought a new position in Universal Health Realty Income Trust during the 1st quarter valued at $225,000. Bank of Montreal Can boosted its holdings in Universal Health Realty Income Trust by 53.9% during the 2nd quarter. Bank of Montreal Can now owns 3,242 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Universal Health Realty Income Trust by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,394 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 281 shares in the last quarter. 67.61% of the stock is currently owned by institutional investors.
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, rehabilitation hospitals, sub-acute care facilities, medical/office buildings, free-standing emergency departments and childcare centers. We have investments in sixty-nine properties located in twenty states.
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