Connor Clark & Lunn Investment Management Ltd. Grows Stock Holdings in Universal Health Realty Income Trust (NYSE:UHT)

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Universal Health Realty Income Trust (NYSE:UHT) by 59.7% during the third quarter, HoldingsChannel reports. The firm owned 25,417 shares of the real estate investment trust’s stock after purchasing an additional 9,499 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Universal Health Realty Income Trust were worth $1,163,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Universal Health Realty Income Trust by 6,990.0% during the third quarter. Farther Finance Advisors LLC now owns 709 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 699 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Universal Health Realty Income Trust during the second quarter valued at about $34,000. Signaturefd LLC raised its position in Universal Health Realty Income Trust by 375.6% during the second quarter. Signaturefd LLC now owns 1,441 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 1,138 shares in the last quarter. Coastline Trust Co purchased a new stake in Universal Health Realty Income Trust during the third quarter valued at about $92,000. Finally, Point72 Asset Management L.P. increased its holdings in shares of Universal Health Realty Income Trust by 71.1% in the second quarter. Point72 Asset Management L.P. now owns 2,395 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 995 shares during the period. Hedge funds and other institutional investors own 64.66% of the company’s stock.

Analyst Ratings Changes

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 Stock Up 0.6 %

UHT opened at $42.28 on Thursday. The company has a market cap of $585.58 million, a P/E ratio of 32.11 and a beta of 0.83. The business’s 50-day moving average price is $42.36 and its 200-day moving average price is $41.36. The company has a current ratio of 6.65, a quick ratio of 6.65 and a debt-to-equity ratio of 2.02. Universal Health Realty Income Trust has a 12 month low of $32.27 and a 12 month high of $47.30.

Universal Health Realty Income Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.735 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.94 annualized dividend and a dividend yield of 6.95%. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.73. Universal Health Realty Income Trust’s payout ratio is currently 222.90%.

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.