Overview

• Universal Health Realty Q3 net income stable at $4 mln, EPS unchanged at $0.29

• Funds from operations for Q3 rose by $908,000, driven by a one-time settlement

• Company announces new building project in Palm Beach Gardens, FL

Outlook

• Company did not provide specific financial guidance for future periods in its press release

Result Drivers

• ONE-TIME SETTLEMENT - A one-time settlement related to a medical office building contributed $275,000 to net income

• NONRECURRING DEPRECIATION - Nonrecurring depreciation expense of $900,000 impacted net aggregate income

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Universal Health Realty Income Trust is $41.00, about 11.2% above its October 24 closing price of $36.41

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nPnc3sBFTa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)