U.S. Physical Therapy (NYSE:USPH) Stock Rating Upgraded by Citizens Jmp

Citizens Jmp upgraded shares of U.S. Physical Therapy (NYSE:USPH - Free Report) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

Several other research firms have also recently issued reports on USPH. Bank of America upgraded U.S. Physical Therapy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $100.00 to $115.00 in a report on Monday. StockNews.com raised U.S. Physical Therapy from a "sell" rating to a "hold" rating in a research note on Wednesday, August 21st. JMP Securities started coverage on shares of U.S. Physical Therapy in a research note on Monday. They set an "outperform" rating and a $113.00 price objective for the company. Barrington Research reissued an "outperform" rating and issued a $108.00 target price on shares of U.S. Physical Therapy in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of U.S. Physical Therapy from $117.00 to $120.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $114.00.

U.S. Physical Therapy Trading Down 2.7 %

NYSE USPH traded down $2.55 during mid-day trading on Monday, reaching $92.43. 124,566 shares of the stock were exchanged, compared to its average volume of 93,961. The stock has a market capitalization of $1.40 billion, a PE ratio of 98.33, a PEG ratio of 4.23 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.78 and a current ratio of 1.78. U.S. Physical Therapy has a 1-year low of $76.18 and a 1-year high of $113.63. The business's fifty day simple moving average is $90.02 and its 200 day simple moving average is $89.80.

U.S. Physical Therapy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a $0.44 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.90%. U.S. Physical Therapy's dividend payout ratio (DPR) is 187.23%.

Insider Activity

In other U.S. Physical Therapy news, insider Eric Joseph Williams sold 2,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $95.84, for a total transaction of $191,680.00. Following the completion of the transaction, the insider now directly owns 14,814 shares of the company's stock, valued at $1,419,773.76. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Carey P. Hendrickson sold 516 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $96.25, for a total transaction of $49,665.00. Following the completion of the sale, the chief financial officer now owns 20,469 shares in the company, valued at $1,970,141.25. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,412 shares of company stock valued at $706,605 in the last three months. Corporate insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On U.S. Physical Therapy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Precision Wealth Strategies LLC grew its position in U.S. Physical Therapy by 5.1% in the 3rd quarter. Precision Wealth Strategies LLC now owns 2,824 shares of the company's stock valued at $239,000 after buying an additional 137 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of U.S. Physical Therapy by 18.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,188 shares of the company's stock worth $110,000 after acquiring an additional 186 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of U.S. Physical Therapy by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company's stock valued at $702,000 after acquiring an additional 200 shares in the last quarter. Martin Capital Advisors LLP boosted its holdings in shares of U.S. Physical Therapy by 1.6% in the third quarter. Martin Capital Advisors LLP now owns 13,138 shares of the company's stock valued at $1,112,000 after acquiring an additional 201 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of U.S. Physical Therapy during the second quarter valued at approximately $28,000.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.