Universal Health Realty Income Trust (NYSE:UHT) Declares Dividend Increase – $0.74 Per Share

Universal Health Realty Income Trust (NYSE:UHT) announced a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.735 per share by the real estate investment trust on Tuesday, December 31st. This represents a $2.94 annualized dividend and a dividend yield of 6.99%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Universal Health Realty Income Trust’s previous quarterly dividend of $0.73.

Universal Health Realty Income Trust has increased its dividend payment by an average of 1.4% per year over the last three years.

Universal Health Realty Income Trust Price Performance

Shares of Universal Health Realty Income Trust stock traded up $1.13 on Tuesday, hitting $42.06. 68,697 shares of the company traded hands, compared to its average volume of 73,131. The stock has a market capitalization of $582.53 million, a P/E ratio of 31.98 and a beta of 0.83. The company has a debt-to-equity ratio of 2.02, a quick ratio of 6.65 and a current ratio of 6.65. Universal Health Realty Income Trust has a 52 week low of $32.27 and a 52 week high of $47.30. The business has a 50-day simple moving average of $42.44 and a 200 day simple moving average of $41.33.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Universal Health Realty Income Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd.

About Universal Health Realty Income Trust

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.