Pictet Asset Management Ltd. Buys New Holdings in Universal Health Realty Income Trust (NYSE:UHT)

Pictet Asset Management Ltd. bought a new stake in Universal Health Realty Income Trust (NYSE:UHT) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,600 shares of the real estate investment trust’s stock, valued at approximately $221,000.

A number of other large investors have also recently modified their holdings of UHT. Boenning & Scattergood Inc. raised its holdings in Universal Health Realty Income Trust by 4,269.8% in the second quarter. Boenning & Scattergood Inc. now owns 233,786 shares of the real estate investment trust’s stock valued at $5,588,000 after acquiring an additional 228,436 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Universal Health Realty Income Trust by 16.9% in the second quarter. Bank of New York Mellon Corp now owns 251,881 shares of the real estate investment trust’s stock valued at $21,392,000 after purchasing an additional 36,417 shares during the last quarter. First Trust Advisors LP purchased a new position in Universal Health Realty Income Trust in the second quarter valued at approximately $2,016,000. Martingale Asset Management L P increased its stake in Universal Health Realty Income Trust by 53.4% in the first quarter. Martingale Asset Management L P now owns 40,525 shares of the real estate investment trust’s stock valued at $3,069,000 after purchasing an additional 14,100 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Universal Health Realty Income Trust by 70.1% in the second quarter. Bessemer Group Inc. now owns 31,800 shares of the real estate investment trust’s stock valued at $2,701,000 after purchasing an additional 13,100 shares during the last quarter. 66.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UHT traded up $0.60 during mid-day trading on Friday, reaching $101.57. 469 shares of the company’s stock were exchanged, compared to its average volume of 52,896. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $1.39 billion, a PE ratio of 31.87 and a beta of 0.76. The business’s fifty day simple moving average is $95.44 and its 200-day simple moving average is $85.39. Universal Health Realty Income Trust has a 52-week low of $58.70 and a 52-week high of $102.14.

The firm also recently announced a — dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 2.8%.

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, rehabilitation hospitals, sub-acute care facilities, medical/office buildings, free-standing emergency departments and childcare centers. We have investments in sixty-nine properties located in twenty states.

Further Reading: Sell-Side Analysts

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Institutional Ownership by Quarter for Universal Health Realty Income Trust (NYSE:UHT)

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