Universal Health Realty posts stable Q3 net income
Universal Health Realty reported stable Q3 net income of $4 million, with EPS unchanged at $0.29. Funds from operations increased by $908,000 due to a one-time settlement. The company announced a new building project in Palm Beach Gardens, FL, but did not provide specific financial guidance for future periods. The stock has a median 12-month price target of $41.00, reflecting an 11.2% upside from its recent closing price of $36.41. Analyst coverage indicates a 'hold' rating, contrasting with a 'buy' consensus for its peer group.
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Overview
- Universal Health Realty Q3 net income stable at $4 mln, EPS unchanged at $0.29
- Funds from operations for Q3 rose by $908,000, driven by a one-time settlement
- Company announces new building project in Palm Beach Gardens, FL
Outlook
- Company did not provide specific financial guidance for future periods in its press release
Result Drivers
- ONE-TIME SETTLEMENT - A one-time settlement related to a medical office building contributed $275,000 to net income
- NONRECURRING DEPRECIATION - Nonrecurring depreciation expense of $900,000 impacted net aggregate income
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 EPS $0.29
Q3 Net $4.01
Income mln
Q3 Basic $0.29
EPS
Q3 $0.74
Dividend
Analyst Coverage
- The one available analyst rating on the shares is “hold”
- The average consensus recommendation for the specialized reits peer group is “buy.”
- Wall Street’s median 12-month price target for Universal Health Realty Income Trust is $41.00, about 11.2% above its October 24 closing price of $36.41
- The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 24 three months ago
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
