Universal Health Realty posts stable Q3 net income

Reuters
Oct 28
<a href="https://laohu8.com/S/UHS">Universal Health</a> Realty posts stable Q3 net income

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.)

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