Principal Financial Group Inc. Sells 1,309 Shares of Universal Health Realty Income Trust (NYSE:UHT)

Principal Financial Group Inc. decreased its holdings in Universal Health Realty Income Trust (NYSE:UHT) by 1.9% in the first quarter, Holdings Channel reports. The fund owned 69,295 shares of the real estate investment trust’s stock after selling 1,309 shares during the quarter. Principal Financial Group Inc.’s holdings in Universal Health Realty Income Trust were worth $2,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UHT. Denali Advisors LLC raised its position in Universal Health Realty Income Trust by 58.8% during the first quarter. Denali Advisors LLC now owns 5,400 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 2,000 shares during the period. Los Angeles Capital Management LLC raised its holdings in Universal Health Realty Income Trust by 20.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 7,137 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 1,210 shares during the period. Vanguard Group Inc. raised its holdings in Universal Health Realty Income Trust by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,242,974 shares of the real estate investment trust’s stock valued at $97,009,000 after buying an additional 12,376 shares during the period. Dean Capital Management lifted its position in Universal Health Realty Income Trust by 11.2% in the fourth quarter. Dean Capital Management now owns 18,493 shares of the real estate investment trust’s stock worth $800,000 after buying an additional 1,860 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in Universal Health Realty Income Trust during the fourth quarter worth $154,000. Hedge funds and other institutional investors own 64.66% of the company’s stock.

Universal Health Realty Income Trust Trading Down 0.3 %

Universal Health Realty Income Trust stock traded down $0.13 during midday trading on Friday, reaching $38.47. The stock had a trading volume of 5,373 shares, compared to its average volume of 85,043. The company has a quick ratio of 8.06, a current ratio of 8.06 and a debt-to-equity ratio of 1.86. The company has a fifty day moving average of $37.73 and a 200 day moving average of $38.53. Universal Health Realty Income Trust has a 52-week low of $32.27 and a 52-week high of $49.49. The firm has a market cap of $531.66 million, a price-to-earnings ratio of 32.99 and a beta of 0.81.

Universal Health Realty Income Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 7.59%. The ex-dividend date was Friday, June 14th. This is an increase from Universal Health Realty Income Trust’s previous quarterly dividend of $0.73. Universal Health Realty Income Trust’s dividend payout ratio is 249.57%.

Insiders Place Their Bets

In related news, Director Robert F. Mccadden acquired 2,000 shares of the stock in a transaction on Thursday, May 9th. The stock was bought at an average cost of $37.38 per share, with a total value of $74,760.00. Following the transaction, the director now directly owns 11,644 shares in the company, valued at $435,252.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert F. Mccadden bought 2,000 shares of the stock in a transaction on Thursday, May 9th. The stock was acquired at an average cost of $37.38 per share, for a total transaction of $74,760.00. Following the acquisition, the director now owns 11,644 shares of the company’s stock, valued at $435,252.72. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Alan B. Miller purchased 6,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were purchased at an average price of $34.65 per share, for a total transaction of $207,900.00. Following the purchase, the chief executive officer now owns 157,753 shares of the company’s stock, valued at approximately $5,466,141.45. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

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.