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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.29 | ||
Q3 Net Income | $4.01 mln | ||
Q3 Basic EPS | $0.29 | ||
Q3 Dividend | $0.74 |
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.)