Universal Health Realty Income Trust (NYSE:UHT) Reaches New 1-Year High Following Dividend Announcement

Universal Health Realty Income Trust (NYSE:UHT - Get Free Report)'s stock price hit a new 52-week high on Thursday following a dividend announcement from the company. The company traded as high as $42.50 and last traded at $42.13, with a volume of 11903 shares. The stock had previously closed at $42.03.The newly announced dividend which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.745 per share. This is a boost from Universal Health Realty Income Trust's previous quarterly dividend of $0.74. This represents a $2.98 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Monday, December 22nd. Universal Health Realty Income Trust's payout ratio is currently 229.46%.Wall Street Analyst Weigh InSeparately, Weiss Ratings reiterated a "hold (c)" rating on shares of Universal Health Realty Income Trust in a research report on Thursday, December 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".View Our Latest Analysis on UHTUniversal Health Realty Income Trust Trading Up 0.5%The company has a 50 day moving average of $38.53 and a 200 day moving average of $39.65. The firm has a market cap of $586.01 million, a P/E ratio of 32.75 and a beta of 0.93. The company has a debt-to-equity ratio of 2.37, a quick ratio of 7.37 and a current ratio of 7.37. Insider Buying and SellingIn other Universal Health Realty Income Trust news, CEO Alan B. Miller purchased 12,247 shares of the company's stock in a transaction dated Wednesday, October 29th. The shares were bought at an average price of $37.02 per share, for a total transaction of $453,383.94. Following the purchase, the chief executive officer directly owned 182,104 shares in the company, valued at $6,741,490.08. This trade represents a 7.21% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.39% of the stock is owned by corporate insiders. Hedge Funds Weigh In On Universal Health Realty Income TrustA number of institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Universal Health Realty Income Trust during the 3rd quarter worth $29,000. MAI Capital Management lifted its position in Universal Health Realty Income Trust by 273.8% during the 3rd quarter. MAI Capital Management now owns 800 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 586 shares during the last quarter. GAMMA Investing LLC lifted its position in Universal Health Realty Income Trust by 101.8% during the 2nd quarter. GAMMA Investing LLC now owns 888 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 448 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Universal Health Realty Income Trust by 130.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,063 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 602 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Universal Health Realty Income Trust by 848.8% in the third quarter. Versant Capital Management Inc now owns 1,167 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,044 shares during the last quarter. Institutional investors own 64.66% of the company's stock. About Universal Health Realty Income Trust (Get Free Report)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.Further ReadingFive stocks we like better than Universal Health Realty Income TrustOverbought Stocks Explained: Should You Trade Them?Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Missed NVIDIA? Braze Might Be the Next AI Stock Breakout3 Fintech Stocks With Good 2021 ProspectsWalmart’s NASDAQ Switch Could Change Everything for WMT StockThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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