Algert Global LLC Purchases 13,280 Shares of Universal Health Realty Income Trust (NYSE:UHT)

Algert Global LLC raised its holdings in Universal Health Realty Income Trust (NYSE:UHT - Free Report) by 188.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,345 shares of the real estate investment trust's stock after buying an additional 13,280 shares during the period. Algert Global LLC owned about 0.15% of Universal Health Realty Income Trust worth $931,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Universal Health Realty Income Trust by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 118,523 shares of the real estate investment trust's stock valued at $5,422,000 after acquiring an additional 2,178 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Universal Health Realty Income Trust in the 3rd quarter worth approximately $338,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Universal Health Realty Income Trust by 59.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,417 shares of the real estate investment trust's stock valued at $1,163,000 after buying an additional 9,499 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Universal Health Realty Income Trust by 16.1% during the 3rd quarter. Quest Partners LLC now owns 15,504 shares of the real estate investment trust's stock worth $709,000 after purchasing an additional 2,147 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of Universal Health Realty Income Trust during the 3rd quarter worth $92,000. 64.66% of the stock is owned by hedge funds and other institutional investors.

Universal Health Realty Income Trust Stock Performance

NYSE UHT traded down $0.02 during trading hours on Friday, reaching $42.19. The company's stock had a trading volume of 48,188 shares, compared to its average volume of 72,922. The company has a current ratio of 6.65, a quick ratio of 6.65 and a debt-to-equity ratio of 2.02. The business has a 50-day simple moving average of $42.13 and a 200 day simple moving average of $41.41. Universal Health Realty Income Trust has a 52 week low of $32.27 and a 52 week high of $47.30. The stock has a market cap of $584.33 million, a PE ratio of 32.15 and a beta of 0.83.

Universal Health Realty Income Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.97%. 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's dividend payout ratio (DPR) is currently 224.43%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Universal Health Realty Income Trust from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd.

Universal Health Realty Income Trust Profile

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.