#4 - Universal Health Realty Income Trust (NYSE:UHT)
You would expect to find at least one real estate investment trust (REIT) on a list of cheap dividend stocks. That's the case with Universal Health Realty Income Trust (NYSE: UHT). The REIT specializes in healthcare and human service related facilities with 76 investments in 21 states.
This is a play on America's aging. Advances in medicine are helping individuals live longer, but more attention is being paid to the quality of that life, which is bullish for the long-term care market.
That hasn't been enough to get investors excited about UHT stock, which was trading above $130 a share in February 2020 but can be snagged for just $34.25 a share currently. Commercial real estate is under fire and investors are sour on the sector.
But that's what could make Universal Health an undervalued gem. The company has been increasing its dividend for 38 consecutive years and currently has an 8.46% yield. The payout ratio of 261% is a little concerning but could be manageable since the next increase wouldn't happen until later this year. At that point, there will be more clarity on interest rates and the election will be settled.
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.
Read More - Current Price
- $43.66
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
