Universal Health Realty Income Trust
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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. The last earnings update was 8 days ago. More info.
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UHT Share Price and Events
7 Day Returns
1 Year Returns
UHT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Universal Health Realty Income Trust (UHT) | 0.6% | 7.4% | 10.4% | 44.3% | 60.3% | 97.6% |
| US REITs | 0.2% | -1.4% | 3.2% | 13% | 8.8% | 24% |
| US Market | -3.9% | -3.6% | 1.8% | 1.4% | 35.8% | 40.8% |
1 Year Return vs Industry and Market
- UHT outperformed the REITs industry which returned 13% over the past year.
- UHT outperformed the Market in United States of America which returned 1.4% over the past year.
UHT Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Universal Health Realty Income Trust
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Universal Health Realty Income Trust.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Funds From Operations | |
| Levered Funds From Operations | Average of 0 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.53 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (23.74%)) |
0.753 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NYSE:UHT using 2 Stage Free Cash Flow to Equity using Funds From Operations Model
The calculations below outline how an intrinsic value for Universal Health Realty Income Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Universal Health Realty Income Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| Funds From Operations (FFO) (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 46.19 | Est @ 3.8% | 42.97 |
| 2020 | 47.80 | Est @ 3.48% | 41.36 |
| 2021 | 49.35 | Est @ 3.26% | 39.73 |
| 2022 | 50.88 | Est @ 3.1% | 38.10 |
| 2023 | 52.40 | Est @ 2.99% | 36.50 |
| 2024 | 53.93 | Est @ 2.91% | 34.95 |
| 2025 | 55.47 | Est @ 2.86% | 33.44 |
| 2026 | 57.03 | Est @ 2.82% | 31.98 |
| 2027 | 58.62 | Est @ 2.79% | 30.58 |
| 2028 | 60.25 | Est @ 2.77% | 29.24 |
| Present value of next 10 years cash flows | $358.85 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $60.25 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$1,298.09 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,298.09 ÷ (1 + 7.5%)10 |
$629.94 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $358.85 + $629.94 |
$988.79 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $988.79 / 13.75 |
$71.92 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $71.92 |
| Current discount | Discount to share price of
$83.84
= -1 x ($83.84 - $71.92) / $71.92 |
-16.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Universal Health Realty Income Trust is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Universal Health Realty Income Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Universal Health Realty Income Trust's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.37 |
| NYSE:UHT Share Price ** | NYSE (2019-05-15) in USD | $83.84 |
| United States of America REITs Industry PE Ratio | Median Figure of 155 Publicly-Listed REITs Companies | 32.37x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Universal Health Realty Income Trust.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:UHT Share Price ÷ EPS (both in USD) = 83.84 ÷ 1.37 |
61.19x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Universal Health Realty Income Trust is overvalued based on earnings compared to the US REITs industry average.
- Universal Health Realty Income Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Universal Health Realty Income Trust's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 61.19x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
-8.7%per year |
| United States of America REITs Industry PEG Ratio | Median Figure of 141 Publicly-Listed REITs Companies | 1.91x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Universal Health Realty Income Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Universal Health Realty Income Trust's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $14.08 |
| NYSE:UHT Share Price * | NYSE (2019-05-15) in USD | $83.84 |
| United States of America REITs Industry PB Ratio | Median Figure of 191 Publicly-Listed REITs Companies | 1.86x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:UHT Share Price ÷ Book Value per Share (both in USD) = 83.84 ÷ 14.08 |
5.95x |
* Primary Listing of Universal Health Realty Income Trust.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Universal Health Realty Income Trust is overvalued based on assets compared to the US REITs industry average.
Value checks
We assess Universal Health Realty Income Trust's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) Universal Health Realty Income Trust has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
UHT Future Performance
- No analysts cover Universal Health Realty Income Trust, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Universal Health Realty Income Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Universal Health Realty Income Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Unable to compare Universal Health Realty Income Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:UHT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | -8.7% |
| United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 79 | 41 | 19 |
| 2018-12-31 | 78 | 43 | 24 |
| 2018-09-30 | 77 | 46 | 26 |
| 2018-06-30 | 77 | 49 | 25 |
| 2018-03-31 | 75 | 47 | 24 |
| 2017-12-31 | 75 | 46 | 46 |
| 2017-09-30 | 75 | 45 | 44 |
| 2017-06-30 | 74 | 41 | 44 |
| 2017-03-31 | 73 | 41 | 44 |
| 2016-12-31 | 72 | 41 | 17 |
| 2016-09-30 | 70 | 41 | 17 |
| 2016-06-30 | 68 | 40 | 17 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Universal Health Realty Income Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.37 |
| 2018-12-31 | 1.76 |
| 2018-09-30 | 1.88 |
| 2018-06-30 | 1.86 |
| 2018-03-31 | 1.73 |
| 2017-12-31 | 3.35 |
| 2017-09-30 | 3.24 |
| 2017-06-30 | 3.23 |
| 2017-03-31 | 3.28 |
| 2016-12-31 | 1.28 |
| 2016-09-30 | 1.28 |
| 2016-06-30 | 1.27 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Universal Health Realty Income Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Universal Health Realty Income Trust's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Universal Health Realty Income Trust has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
UHT Past Performance
How has Universal Health Realty Income Trust performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Universal Health Realty Income Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Universal Health Realty Income Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Universal Health Realty Income Trust's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
All data from Universal Health Realty Income Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 78.56 | 18.80 | 0.12 | |
| 2018-12-31 | 77.98 | 24.20 | ||
| 2018-09-30 | 77.40 | 25.85 | ||
| 2018-06-30 | 76.80 | 25.43 | ||
| 2018-03-31 | 74.91 | 23.66 | ||
| 2017-12-31 | 74.76 | 45.62 | ||
| 2017-09-30 | 74.70 | 44.00 | ||
| 2017-06-30 | 74.03 | 43.86 | ||
| 2017-03-31 | 73.08 | 44.35 | ||
| 2016-12-31 | 71.54 | 17.22 | ||
| 2016-09-30 | 69.61 | 17.12 | ||
| 2016-06-30 | 67.94 | 16.94 | ||
| 2016-03-31 | 66.98 | 24.42 | ||
| 2015-12-31 | 66.49 | 23.69 | ||
| 2015-09-30 | 66.34 | 35.57 | ||
| 2015-06-30 | 65.85 | 60.07 | ||
| 2015-03-31 | 64.13 | 51.47 | ||
| 2014-12-31 | 62.21 | 51.55 | ||
| 2014-09-30 | 59.63 | 38.82 | ||
| 2014-06-30 | 57.84 | 13.98 | ||
| 2014-03-31 | 56.80 | 13.52 | ||
| 2013-12-31 | 56.38 | 13.17 | ||
| 2013-09-30 | 56.27 | 14.18 | ||
| 2013-06-30 | 56.56 | 13.86 | ||
| 2013-03-31 | 56.86 | 13.39 | ||
| 2012-12-31 | 56.32 | 19.48 | ||
| 2012-09-30 | 51.77 | 77.59 | ||
| 2012-06-30 | 45.78 | 77.96 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Universal Health Realty Income Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Universal Health Realty Income Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
- Universal Health Realty Income Trust has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Universal Health Realty Income Trust's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Universal Health Realty Income Trust has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
UHT Health
How is Universal Health Realty Income Trust's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Universal Health Realty Income Trust's finances.
The net worth of a company is the difference between its assets and liabilities.
- Universal Health Realty Income Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Universal Health Realty Income Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Universal Health Realty Income Trust Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 193.63 | 273.60 | 6.03 |
| 2018-12-31 | 198.61 | 261.28 | 5.04 |
| 2018-09-30 | 203.36 | 260.31 | 5.07 |
| 2018-06-30 | 207.99 | 250.06 | 5.73 |
| 2018-03-31 | 211.36 | 245.78 | 4.21 |
| 2017-12-31 | 210.56 | 256.41 | 3.39 |
| 2017-09-30 | 213.31 | 260.16 | 3.95 |
| 2017-06-30 | 209.05 | 273.50 | 4.11 |
| 2017-03-31 | 214.10 | 272.90 | 4.07 |
| 2016-12-31 | 191.28 | 315.72 | 3.93 |
| 2016-09-30 | 195.34 | 299.91 | 3.98 |
| 2016-06-30 | 200.19 | 275.50 | 4.71 |
| 2016-03-31 | 191.06 | 268.98 | 4.32 |
| 2015-12-31 | 195.04 | 252.31 | 3.89 |
| 2015-09-30 | 199.24 | 230.20 | 3.65 |
| 2015-06-30 | 203.58 | 232.01 | 4.35 |
| 2015-03-31 | 199.95 | 233.61 | 3.95 |
| 2014-12-31 | 204.58 | 215.46 | 3.86 |
| 2014-09-30 | 179.43 | 248.27 | 3.74 |
| 2014-06-30 | 159.23 | 217.59 | 3.86 |
| 2014-03-31 | 163.92 | 217.36 | 3.84 |
| 2013-12-31 | 165.63 | 199.99 | 3.34 |
| 2013-09-30 | 164.03 | 204.20 | 2.94 |
| 2013-06-30 | 168.60 | 204.45 | 3.10 |
| 2013-03-31 | 173.46 | 199.09 | 3.32 |
| 2012-12-31 | 177.75 | 197.94 | 3.05 |
| 2012-09-30 | 181.10 | 199.18 | 3.15 |
| 2012-06-30 | 185.74 | 197.42 | 3.21 |
- Universal Health Realty Income Trust's level of debt (141.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (132.7% vs 141.3% today).
- Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Universal Health Realty Income Trust's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Universal Health Realty Income Trust has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
UHT Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Universal Health Realty Income Trust
shares you are expected to receive
$64
in your first year as a dividend.
Dividend Amount
- Universal Health Realty Income Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Universal Health Realty Income Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 184 Stocks | 3.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-06 | 2.700 | 3.479 |
| 2018-12-06 | 2.700 | 3.945 |
| 2018-09-05 | 2.680 | 3.828 |
| 2018-06-13 | 2.680 | 3.944 |
| 2018-03-15 | 2.660 | 4.389 |
| 2017-12-06 | 2.660 | 4.076 |
| 2017-09-07 | 2.640 | 3.526 |
| 2017-06-07 | 2.640 | 3.398 |
| 2017-03-09 | 2.620 | 3.881 |
| 2016-12-01 | 2.620 | 4.115 |
| 2016-09-08 | 2.600 | 4.394 |
| 2016-06-09 | 2.600 | 4.414 |
| 2016-05-06 | 2.580 | 4.721 |
| 2016-04-28 | 2.580 | 4.643 |
| 2015-12-10 | 2.580 | 4.985 |
| 2015-09-09 | 2.560 | 5.235 |
| 2015-06-04 | 2.560 | 5.360 |
| 2015-03-05 | 2.540 | 4.940 |
| 2014-12-04 | 2.540 | 5.020 |
| 2014-09-04 | 2.520 | 5.551 |
| 2014-06-12 | 2.520 | 5.795 |
| 2014-03-06 | 2.500 | 5.851 |
| 2013-12-06 | 2.500 | 6.023 |
| 2013-09-06 | 2.500 | 5.898 |
| 2013-06-05 | 2.500 | 5.811 |
| 2013-03-07 | 2.480 | 4.554 |
| 2012-12-07 | 2.480 | 4.664 |
| 2012-09-06 | 2.460 | 5.196 |
| 2012-06-07 | 2.460 | 5.852 |
| 2012-03-02 | 2.440 | 6.254 |
| 2011-12-08 | 2.440 | 6.269 |
| 2011-09-08 | 2.420 | 6.806 |
| 2011-06-02 | 2.420 | 6.235 |
| 2011-03-02 | 2.420 | 5.880 |
| 2010-12-02 | 2.420 | 6.577 |
| 2010-11-05 | 2.420 | 6.698 |
| 2010-10-20 | 2.420 | 6.545 |
| 2010-06-04 | 2.420 | 7.321 |
| 2010-03-09 | 2.400 | 6.986 |
| 2009-12-02 | 2.400 | 7.378 |
| 2009-09-03 | 2.380 | 7.434 |
| 2009-06-04 | 2.380 | 7.304 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Universal Health Realty Income Trust's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Universal Health Realty Income Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Universal Health Realty Income Trust has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
UHT Management
CEO
| COMPENSATION | $203,911 |
| AGE | 80 |
| TENURE AS CEO | 33.3 years |
CEO Bio
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 inception in 1986 and has been its President since February 2003. He has been the Chairman and Chief Executive Officer of Universal Health Services Inc. since 1978. He served as the President of Universal Health Services Inc., from 1978 to May 2009. Previously, he served as the President of Universal Health Realty Income Trust until 1990. He served as the Chairman, President and Chief Executive Officer of American MediCorp. Inc. He has been a Trustee for Universal Health Realty Income Trust since 1986. Mr. Miller served as a Director of CDI Corp since 1994 and served as a Trustee of Penn Mutual Life Insurance Co. He served as a Director of The Broadlane Group, Inc. since 2000 and NeighborCare, Inc. since October 1993. Mr. Miller earned his MBA degree from the Wharton School of the University of Pennsylvania.
CEO Compensation
- Alan's compensation has been consistent with company performance over the past year.
- Alan's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Universal Health Realty Income Trust management team in years:
- The average tenure for the Universal Health Realty Income Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Alan Miller
Chairman
$204K
80
33.3 yrs
Charles Boyle
VP & CFO
$118K
58
16.3 yrs
Tim Fowler
Vice President of Acquisition & Development
$80K
63
Cheryl Ramagano
VP, Treasurer & Secretary
$118K
55
26.7 yrs
Genevieve Owsiany
Controller
15.3 yrs
Board of Directors Tenure
Average tenure and age of the Universal Health Realty Income Trust board of directors in years:
- The average tenure for the Universal Health Realty Income Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors
Alan Miller
Chairman
$204K
80
33.3 yrs
Robert McCadden
Lead Independent Trustee
$64K
60
2.3 yrs
Gayle Capozzalo
$52K
68
1.2 yrs
Marc Miller
$27K
47
10.4 yrs
Michael Domb
$49K
62
1.4 yrs
Jim Morey
$14K
50
0.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Universal Health Realty Income Trust's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Universal Health Realty Income Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
UHT News
Simply Wall St News
Three Things You Should Check Before Buying Universal Health Realty Income Trust (NYSE:UHT) For Its Dividend
Could Universal Health Realty Income Trust (NYSE:UHT) be an attractive dividend share to own for the long haul? … With Universal Health Realty Income Trust yielding 3.3% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Explore this interactive chart for our latest analysis on Universal Health Realty Income Trust!
Simply Wall St - – Full articleIs Universal Health Realty Income Trust's (NYSE:UHT) ROE Of 12% Impressive?
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Universal Health Realty Income Trust (NYSE:UHT). … Our data shows Universal Health Realty Income Trust has a return on equity of 12% for the last year. … Check out our latest analysis for Universal Health Realty Income Trust?
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Universal Health Realty Income Trust (NYSE:UHT)?
If you want to know who really controls Universal Health Realty Income Trust (NYSE:UHT), then you'll have to look at the makeup of its share registry. … Universal Health Realty Income Trust isn't enormous, but it's not particularly small either. … institutions are noticeable on the share registry.
Simply Wall St - – Full articleIf You Had Bought Universal Health Realty Income Trust (NYSE:UHT) Stock Five Years Ago, You Could Pocket A 77% Gain Today
To wit, the Universal Health Realty Income Trust share price has climbed 77% in five years, easily topping the market return of 41% (ignoring dividends). … Over half a decade, Universal Health Realty Income Trust managed to grow its earnings per share at 11% a year. … This free interactive report on Universal Health Realty Income Trust's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
Simply Wall St - – Full articleIs Universal Health Realty Income Trust (NYSE:UHT) A Healthy REIT?
Universal Health Realty Income Trust is a US$1.1b. … See our latest analysis for Universal Health Realty Income Trust … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent
Simply Wall St - – Full articleWhat Kind Of Shareholder Appears On The Universal Health Realty Income Trust's (NYSE:UHT) Shareholder Register?
If you want to know who really controls Universal Health Realty Income Trust (NYSE:UHT), then you'll have to look at the makeup of its share registry. … With a market capitalization of US$856m, Universal Health Realty Income Trust is a decent size, so it is probably on the radar of institutional investors. … institutional investors have bought into the company.
Simply Wall St - – Full articleCan Universal Health Realty Income Trust (NYSE:UHT) Maintain Its Strong Returns?
By way of learning-by-doing, we'll look at ROE to gain a better understanding Universal Health Realty Income Trust (NYSE:UHT). … Over the last twelve months Universal Health Realty Income Trust has recorded a ROE of 13%. … Check out our latest analysis for Universal Health Realty Income Trust?
Simply Wall St - – Full articleIs Universal Health Realty Income Trust's (NYSE:UHT) CEO Incentives Align With Yours?
Alan Miller became the CEO of Universal Health Realty Income Trust (NYSE:UHT) in 1986. … See our latest analysis for Universal Health Realty Income Trust? … According to our data, Universal Health Realty Income Trust has a market capitalization of US$907m, and pays its CEO total annual compensation worth US$220k.
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Universal Health Realty Income Trust (NYSE:UHT)?
Today, I will be analyzing Universal Health Realty Income Trust’s (NYSE:UHT) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … View our latest analysis for Universal Health Realty Income Trust
Simply Wall St - – Full articleHow Should Investors React To Universal Health Realty Income Trust's (NYSE:UHT) CEO Pay?
Alan Miller took the helm as Universal Health Realty Income Trust's (NYSE:UHT) CEO and grew market cap to US$885.67m recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.
Simply Wall St - – Full articleUHT Company Info
Description
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.
Details
| Name: | Universal Health Realty Income Trust |
| UHT | |
| Exchange: | NYSE |
| Founded: | 1986 |
| $1,152,597,526 | |
| 13,747,585 | |
| Website: | http://www.uhrit.com |
| Address: |
Universal Health Realty Income Trust Universal Corporate Center, 367 South Gulph Road, King Of Prussia, Pennsylvania, 19406, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | UHT | Common Shares | New York Stock Exchange | US | USD | 26. Dec 1986 | |
| DB | WY8 | Common Shares | Deutsche Boerse AG | DE | EUR | 26. Dec 1986 |
Number of employees
Current staff
Industry
| Health Care REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/16 01:33 |
| End of day share price update: | 2019/05/15 00:00 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
