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

Universal Health Realty Income Trust (NYSE:UHT) declared a quarterly dividend on Tuesday, November 26th,Wall Street Journal reports. Investors 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 yield of 6.99%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase 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% annually over the last three years.

Universal Health Realty Income Trust Stock Performance

NYSE:UHT traded up $1.11 during trading hours on Tuesday, reaching $42.04. The stock had a trading volume of 68,697 shares, compared to its average volume of 73,131. The stock has a market cap of $582.25 million, a P/E ratio of 31.98 and a beta of 0.83. The stock has a 50 day simple moving average of $42.44 and a 200 day simple moving average of $41.33. 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 12-month low of $32.27 and a 12-month high of $47.30.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.