Universal Health Realty Income Trust Reports Recent Insider Trading Activity and Dividend Payment
Universal Health Realty Income Trust (NYSE:UHT) has recently announced a series of developments regarding insider trading activity and dividend payments. Legato Capital Management LLC, a well-known investment company, purchased 18,069 shares of Universal Health Realty’s stock worth around $862,000. This purchase now means that Legato Capital Management LLC owns approximately 0.13% of Universal Health Realty Income Trust.
The healthcare-focused real estate investment trust also declared a quarterly dividend payment which was paid on March 31st to investors. The dividend payment was $0.715 per share to investors who had been recorded on the investor record book on the Monday before the payment date for the stock. The annualized dividend amounts to $2.86 per share with an impressive yield of 6.13%. The ex-dividend date was last March 17th with a current payout ratio stood at approximately 186.93%.
These announcements were followed by further news development relating to insider purchasing behavior from high-level executives in the company within days of each other from CEO Alan B. Miller and Director Robert F.Mccadden.
CEO Alan B. Miller made two separate purchases totalling 4,000 shares on March 7th, paying an average price of $48.81 each and a total amounting to $97,620 in value terms for both transactions combined buying rate as indicated in his disclosures with Securities & Exchange Commission (SEC). Earlier that same day Mr.Miller’s position added up to 144,746 shares giving his potential stake in Universal Health Realty Income Trust worth just over $7 million dollars.
Director Robert F McCadden joined Mr Miller by acquiring Universal Health Reality’s shares worth approximately $48 thousand dollars over ten days later following rates at one thousand at an average of $48.12 per share; however bringing his total personal interest valuables within the firm to $435,293.52.
According to the Securities & Exchange Commission (SEC), Universal Health Realty Income Trust insiders currently own 2.10% of the stock which, based on these recent transactions, demonstrates a good feeling by those most closely linked to the organisation.
These latest announcements provide some confidence for investors in the real estate investment trust industry as they demonstrate senior executives display confidence in their company’s shares through share purchases. This often suggests that insiders have trust both in their organization’s long-term outlook and current development possibilities while adequately considering revenue potential for shareholders investing therein.
Universal Health Realty Income Trust (UHT) Attracting Institutional Investors for Steady Income Streams
Universal Health Realty Income Trust (UHT) has recently seen a surge in the number of institutional investors betting on its stock. Quadrant Capital Group LLC, Rockefeller Capital Management L.P., US Bancorp DE, and Allspring Global Investments Holdings LLC have all seen significant increases in their holdings of UHT’s stock, with DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchasing a new stake as well. In total, 63.50% of the stock is currently owned by institutional investors and hedge funds.
This attention from institutional investors could be due to UHT’s stable performance despite the challenges faced by the healthcare industry during the pandemic. The company operates healthcare facilities across the United States and generates revenue through long-term leases with tenants. UHT has a market capitalization of $644.18 million and a price-to-earnings ratio of 30.51, making it an attractive investment for those seeking steady income streams.
Although StockNews.com issued a “hold” rating for UHT in March, it seems that institutional investors are confident about its future prospects. It’s worth noting that UHT’s one year low is $40.92 and its one year high is $58.98, so there is still some volatility to be expected.
Despite this volatility, UHT’s robust financials make it an appealing investment opportunity for many institutions looking for long-term stability in their portfolios. The company also has a debt-to-equity ratio of 1.50, indicating that it manages its finances well.
In conclusion, while there are fluctuations to be expected in any market, Universal Health Realty Income Trust stands strong against challenging times thanks to its position within the healthcare industry and past performance record. With growing interest from institutional investors and hedge funds alike, this company could prove to be a valuable asset in any balanced portfolio looking for stability amidst uncertain times within other sectors of the market.
Source: beststocks.com
