DB:WY8

Stock Analysis Report

Universal Health Realty Income Trust

Executive Summary

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 hospitals, medical/office buildings, free-standing emergency departments and childcare centers.


Snowflake Analysis

Average dividend payer with poor track record.


Similar Companies

Share Price & News

How has Universal Health Realty Income Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WY8's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

22.4%

WY8

4.3%

DE REITs

9.1%

DE Market


1 Year Return

38.7%

WY8

5.9%

DE REITs

-13.1%

DE Market

Return vs Industry: WY8 exceeded the German REITs industry which returned 5.1% over the past year.

Return vs Market: WY8 exceeded the German Market which returned -14.2% over the past year.


Shareholder returns

WY8IndustryMarket
7 Day22.4%4.3%9.1%
30 Day10.7%-15.3%-1.0%
90 Day-4.8%-12.6%-20.7%
1 Year42.8%38.7%9.4%5.9%-10.6%-13.1%
3 Year69.5%52.5%0.5%-11.0%-10.7%-18.1%
5 Year144.8%100.0%5.3%-17.2%-10.7%-22.8%

Price Volatility Vs. Market

How volatile is Universal Health Realty Income Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Universal Health Realty Income Trust undervalued compared to its fair value and its price relative to the market?

81.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WY8 (€91.75) is trading above our estimate of fair value (€76.92)

Significantly Below Fair Value: WY8 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: WY8 is poor value based on its PE Ratio (76.9x) compared to the REITs industry average (7.7x).

PE vs Market: WY8 is poor value based on its PE Ratio (76.9x) compared to the German market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WY8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WY8 is overvalued based on its PB Ratio (8x) compared to the DE REITs industry average (1.3x).


Next Steps

Future Growth

How is Universal Health Realty Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-10.8%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Universal Health Realty Income Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Universal Health Realty Income Trust performed over the past 5 years?

-16.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WY8 has high quality earnings.

Growing Profit Margin: WY8's current net profit margins (24%) are lower than last year (31%).


Past Earnings Growth Analysis

Earnings Trend: WY8's earnings have declined by -16.4% per year over the past 5 years.

Accelerating Growth: WY8's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WY8 had negative earnings growth (-21.6%) over the past year, making it difficult to compare to the REITs industry average (35.5%).


Return on Equity

High ROE: WY8's Return on Equity (10.4%) is considered low.


Next Steps

Financial Health

How is Universal Health Realty Income Trust's financial position?


Financial Position Analysis

Short Term Liabilities: WY8's short term assets ($16.7M) exceed its short term liabilities ($11.9M).

Long Term Liabilities: WY8's short term assets ($16.7M) do not cover its long term liabilities ($295.2M).


Debt to Equity History and Analysis

Debt Level: WY8's debt to equity ratio (150.6%) is considered high.

Reducing Debt: WY8's debt to equity ratio has increased from 105.4% to 150.6% over the past 5 years.

Debt Coverage: WY8's debt is not well covered by operating cash flow (15.6%).

Interest Coverage: WY8's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Universal Health Realty Income Trust's current dividend yield, its reliability and sustainability?

2.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WY8's dividend (2.58%) is higher than the bottom 25% of dividend payers in the German market (1.63%).

High Dividend: WY8's dividend (2.58%) is low compared to the top 25% of dividend payers in the German market (4.61%).


Stability and Growth of Payments

Stable Dividend: WY8's dividends per share have been stable in the past 10 years.

Growing Dividend: WY8's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (85%), WY8's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

22.4yrs

Average management tenure


CEO

Alan Miller (81yo)

34.25s

Tenure

US$203,911

Compensation

Mr. Alan B. Miller serves as the Chief Executive Officer at Premier Behavioral Solutions, Inc. Mr. Miller has been the Chairman and Chief Executive Officer of Universal Health Realty Income Trust since its ...


Leadership Team

NamePositionTenureCompensationOwnership
Alan Miller
Chairman34.25yrsUS$203.91k0.89% $12.7m
Charles Boyle
VP & CFO17.17yrsUS$118.08k0.21% $3.0m
Timothy Fowler
Vice President of Acquisition & Developmentno dataUS$80.05k0.16% $2.3m
Cheryl Ramagano
VP, Treasurer & Secretary27.58yrsUS$118.08k0.23% $3.2m
Genevieve Owsiany
Controller16.17yrsno datano data

22.4yrs

Average Tenure

61.5yo

Average Age

Experienced Management: WY8's management team is seasoned and experienced (22.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alan Miller
Chairman34.25yrsUS$203.91k0.89% $12.7m
Marc Miller
11.33yrsUS$26.69k0.027% $380.1k
Robert McCadden
Lead Independent Trustee3.25yrsUS$64.26k0.023% $332.9k
Michael Domb
Independent Trustee2.33yrsUS$49.12k0.0058% $83.3k
Gayle Capozzalo
Independent Trustee2.08yrsUS$51.90k0.0058% $83.3k
James Morey
Independent Trustee1.75yrsUS$13.84k0.0029% $41.6k

2.8yrs

Average Tenure

62yo

Average Age

Experienced Board: WY8's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Universal Health Realty Income Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Universal Health Realty Income Trust
  • Ticker: WY8
  • Exchange: DB
  • Founded: 1986
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Market Cap: US$1.556b
  • Listing Market Cap: US$1.431b
  • Shares outstanding: 13.76m
  • Website: https://www.uhrit.com

Location

  • Universal Health Realty Income Trust
  • Universal Corporate Center
  • 367 South Gulph Road
  • King Of Prussia
  • Pennsylvania
  • 19406
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UHTNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 1986
WY8DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1986

Biography

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 hospitals, medical/office buildings, free-standing emergency departments and childcare centers. We have investments in seventy-one properties located in twenty states, including two that are currently under construction. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 02:36
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.