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Universal Health Realty Income Trust

NYSE:UHT
Snowflake Description

Second-rate dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UHT
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company 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. The last earnings update was 71 days ago. More info.


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UHT Share Price and Events
7 Day Returns
1.1%
NYSE:UHT
-1.5%
US REITs
-0.3%
US Market
1 Year Returns
39.5%
NYSE:UHT
9.7%
US REITs
3.4%
US Market
UHT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Universal Health Realty Income Trust (UHT) 1.1% 2.3% 15.8% 39.5% 51.8% 107.6%
US REITs -1.5% -1.7% 3.8% 9.7% 3.3% 23.4%
US Market -0.3% 2.9% 2.1% 3.4% 36.2% 41.3%
1 Year Return vs Industry and Market
  • UHT outperformed the REITs industry which returned 9.7% over the past year.
  • UHT outperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
UHT
Industry
5yr Volatility vs Market
Related Companies

UHT Value

 Is Universal Health Realty Income Trust undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Universal Health Realty Income Trust.

NYSE:UHT Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:UHT
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 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.476 (1 + (1- 21%) (22.07%))
0.704
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.

NYSE:UHT DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2020 46.26 Est @ 3.96% 43.03
2021 47.92 Est @ 3.59% 41.47
2022 49.52 Est @ 3.33% 39.86
2023 51.08 Est @ 3.15% 38.25
2024 52.62 Est @ 3.03% 36.66
2025 54.17 Est @ 2.94% 35.10
2026 55.73 Est @ 2.87% 33.59
2027 57.30 Est @ 2.83% 32.14
2028 58.91 Est @ 2.8% 30.73
2029 60.55 Est @ 2.78% 29.38
Present value of next 10 years cash flows $360.22
NYSE:UHT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $60.55 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$1,304.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,304.52 ÷ (1 + 7.5%)10
$633.07
NYSE:UHT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $360.22 + $633.07
$993.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $993.28 / 13.75
$72.25
NYSE:UHT Discount to Share Price
Calculation Result
Value per share (USD) From above. $72.25
Current discount Discount to share price of $90.18
= -1 x ($90.18 - $72.25) / $72.25
-24.8%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:UHT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.37
NYSE:UHT Share Price ** NYSE (2019-07-18) in USD $90.18
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 33.18x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Universal Health Realty Income Trust.

NYSE:UHT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:UHT Share Price ÷ EPS (both in USD)

= 90.18 ÷ 1.37

65.82x

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?
Raw Data
NYSE:UHT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 65.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-8.8%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 1.84x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.57x

*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?
Raw Data
NYSE:UHT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $14.08
NYSE:UHT Share Price * NYSE (2019-07-18) in USD $90.18
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.79x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.8x
NYSE:UHT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:UHT Share Price ÷ Book Value per Share (both in USD)

= 90.18 ÷ 14.08

6.4x

* 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.
X
Value checks
We assess Universal Health Realty Income Trust's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. 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

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

  • 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!
Annual Growth Rate
-8.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Universal Health Realty Income Trust expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:UHT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:UHT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -8.8%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 6.1%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
Raw Data
NYSE:UHT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:UHT Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Universal Health Realty Income Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Universal Health Realty Income Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:UHT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months 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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:UHT Past Financials Data
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.
X
Future performance checks
We assess Universal Health Realty Income Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Universal Health Realty Income Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Universal Health Realty Income Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Universal Health Realty Income Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:UHT Past Revenue, Cash Flow and Net Income Data
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

*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).
X
Past performance checks
We assess Universal Health Realty Income Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Universal Health Realty Income Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Universal Health Realty Income Trust Company Filings, last reported 3 months ago.

NYSE:UHT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 193.63 264.76 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
  • Universal Health Realty Income Trust's level of debt (136.7%) 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 136.7% today).
  • Debt is not well covered by operating cash flow (15.4%, 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).
X
Financial health checks
We assess Universal Health Realty Income Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Universal Health Realty Income Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.99%
Current annual income from Universal Health Realty Income Trust dividends.
If you bought $2,000 of Universal Health Realty Income Trust shares you are expected to receive $60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Universal Health Realty Income Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Universal Health Realty Income Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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.
Raw Data
NYSE:UHT Annualized Past and Future Dividends
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 185 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:UHT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-06 2.700 3.328
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
2009-03-03 2.360 7.751
2008-12-04 2.360 7.422
2008-09-04 2.340 7.284

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.
Current Payout to shareholders
What portion of Universal Health Realty Income Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Universal Health Realty Income Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Universal Health Realty Income Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alan Miller
COMPENSATION $203,911
AGE 81
TENURE AS CEO 33.5 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, both up more than 20%.
  • 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:

21.6
Average Tenure
61.5
Average Age
  • 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

TITLE
Chairman
COMPENSATION
$204K
AGE
81
TENURE
33.5 yrs

Charles Boyle

TITLE
VP & CFO
COMPENSATION
$118K
AGE
59
TENURE
16.4 yrs

Tim Fowler

TITLE
Vice President of Acquisition & Development
COMPENSATION
$80K
AGE
64

Cheryl Ramagano

TITLE
VP, Treasurer & Secretary
COMPENSATION
$118K
AGE
56
TENURE
26.8 yrs

Genevieve Owsiany

TITLE
Controller
TENURE
15.4 yrs
Board of Directors Tenure

Average tenure and age of the Universal Health Realty Income Trust board of directors in years:

2
Average Tenure
62
Average Age
  • 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

TITLE
Chairman
COMPENSATION
$204K
AGE
81
TENURE
33.5 yrs

Robert McCadden

TITLE
Lead Independent Trustee
COMPENSATION
$64K
AGE
61
TENURE
2.5 yrs

Gayle Capozzalo

TITLE
COMPENSATION
$52K
AGE
69
TENURE
1.3 yrs

Marc Miller

TITLE
COMPENSATION
$27K
AGE
48
TENURE
10.6 yrs

Michael Domb

TITLE
COMPENSATION
$49K
AGE
63
TENURE
1.6 yrs

Jim Morey

TITLE
COMPENSATION
$14K
AGE
51
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Universal Health Realty Income Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Could The Universal Health Realty Income Trust (NYSE:UHT) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Universal Health Realty Income Trust (NYSE:UHT) can tell us which group is most powerful. … Check out our latest analysis for Universal Health Realty Income Trust NYSE:UHT Ownership Summary, July 12th 2019 What Does The Institutional Ownership Tell Us About Universal Health Realty Income Trust? … Hedge funds don't have many shares in Universal Health Realty Income Trust.

Simply Wall St -

Can You Imagine How Universal Health Realty Income Trust's (NYSE:UHT) Shareholders Feel About The 98% Share Price Increase?

For example, long term Universal Health Realty Income Trust (NYSE:UHT) shareholders have enjoyed a 98% share price rise over the last half decade, well in excess of the market return of around 40% (not including dividends). … Over half a decade, Universal Health Realty Income Trust managed to grow its earnings per share at 5.2% a year. … We note that for Universal Health Realty Income Trust the TSR over the last 5 years was 147%, which is better than the share price return mentioned above.

Simply Wall St -

What You Must Know About Universal Health Realty Income Trust's (NYSE:UHT) Beta Value

Anyone researching Universal Health Realty Income Trust (NYSE:UHT) might want to consider the historical volatility of the share price. … Zooming in on Universal Health Realty Income Trust, we see it has a five year beta of 0.84. … What this means for you: Since Universal Health Realty Income Trust is not heavily influenced by market moves, its share price is probably far more dependend on company specific developments.

Simply Wall St -

How Should You Analyze REIT Stock Universal Health Realty Income Trust (NYSE:UHT)?

Universal Health Realty Income Trust is a US$1.1b small-cap, real estate investment trust (REIT) based in King Of Prussia, United States. … See our latest analysis for Universal Health Realty Income Trust REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities. … Universal Health Realty Income Trust can bring about diversification for your portfolio, but before you decide to invest, take a look at the other aspects you must consider before investing: Future Outlook: What are well-informed industry analysts predicting for UHT’s future growth?

Simply Wall St -

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 -

Is 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 -

What 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 -

If 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 -

Is 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 -

What 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 -

UHT 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
$1,239,757,215
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
Staff numbers
0
Universal Health Realty Income Trust employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 23:46
End of day share price update: 2019/07/18 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.