Universal Health Realty Income Trust (NYSE:UHT) Announces Dividend Increase – $0.71 Per Share

Universal Health Real Estate Income Trust (NYSE: UHT – Get a rating) announced a quarterly dividend on Thursday, June 9, Zacks reports. Investors of record on Monday, June 20 will receive a dividend of 0.71 per share from the REIT on Thursday, June 30. This represents an annualized dividend of $2.84 and a dividend yield of 5.34%. The ex-dividend date is Thursday, June 16. This is a boost from Universal Health Realty Income Trust’s previous quarterly dividend of $0.71.

Universal Health Realty Income Trust has increased its dividend an average of 1.5% per year for the past three years and has increased its dividend annually for the past 37 consecutive years.

Shares of Universal Health Realty Income Trust opened at $53.17 on Friday. The company’s fifty-day moving average price is $53.24 and its two-hundred-day moving average price is $56.44. The company has a debt ratio of 1.40, a current ratio of 1.74 and a quick ratio of 8.64. The company has a market capitalization of $733.21 million, a P/E ratio of 6.72 and a beta of 0.80. Universal Health Realty Income Trust has a 1-year minimum of $47.27 and a 1-year maximum of $73.75.

In other news, Manager Robert F. McCadden bought 2,000 shares in a trade dated Tuesday, May 10. The shares were purchased at an average cost of $47.88 per share, for a total transaction of $95,760.00. Following the transaction, the administrator now owns 7,000 shares of the company, valued at $335,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. 1.90% of the shares are held by insiders.

Several hedge funds have recently changed their holdings in the company. State Street Corp increased its holdings of Universal Health Realty Income Trust shares 11.3% in Q1. State Street Corp now owns 822,114 shares of the real estate investment trust worth $47,987,000 after acquiring an additional 83,770 shares in the last quarter. Invesco Ltd. increased its holdings of Universal Health Realty Income Trust shares by 411.1% in Q1. Invesco Ltd. now owns 173,893 shares of the real estate investment trust worth $10,150,000 after acquiring an additional 139,873 shares in the last quarter. Hsbc Holdings PLC increased its holdings of Universal Health Realty Income Trust shares by 45.5% in Q1. Hsbc Holdings PLC now owns 6,440 shares of the real estate investment trust worth $379,000 after acquiring 2,014 additional shares in the last quarter. Renaissance Technologies LLC increased its holdings of Universal Health Realty Income Trust shares by 0.9% in Q1. Renaissance Technologies LLC now owns 282,310 shares of the real estate investment trust worth $16,478,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings of Universal Health Realty Income Trust shares by 28.9% in the first quarter. Penserra Capital Management LLC now owns 4,984 shares of the real estate investment trust worth $290,000 after acquiring 1,116 additional shares in the last quarter. Institutional investors hold 63.63% of the company’s shares.

Separately, StockNews.com downgraded Universal Health Realty Income Trust from a “buy” rating to a “hold” rating in a Wednesday, May 25 research note.

About Universal Health Realty Income Trust (Get a rating)

Universal Health Realty Income Trust, a real estate investment trust, invests in health care and social service facilities including acute care hospitals, rehabilitation hospitals, subacute care facilities, medical/office buildings, stand-alone emergency services and child care centres. We have investments in seventy-one properties located in twenty states, two of which are currently under construction.

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Dividend history for Universal Health Realty Income Trust (NYSE:UHT)

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