Universal Health Realty Income Trust (NYSE: UHT) is one of the oldest healthcare REITs alive: medical office and hospital properties intertwined with Universal Health Services (its advisor and largest tenant), paying a dividend that has crept upward for decades while the model quietly aged.
| Universal Health Realty Income Trust (UHT) Snapshot | |
|---|---|
| Share Price (delayed) | $42.48 -1.46% |
| Market Cap | $589M |
| Annualized Dividend | $2.98 (Quarterly) |
| Dividend Yield | 7.02% |
| Sector | Healthcare ยท Medical Office & Hospitals |
Market data updates automatically several times daily. Last price refresh: Jul 14, 2026.
Business Model
UHT owns medical office buildings, clinics, and hospital facilities, with UHS as both external advisor and anchor tenant, a related-party structure from another era that has nonetheless delivered decades of steady, small dividend increases. The portfolio is stable; growth is nearly absent by design.
The Honest Risk Section
The UHS relationship is concentration and governance risk braided together (advisor, tenant, and largest counterparty are the same entity), rate moves swing the stock more than operations do, and per-share growth has been token for years. A long dividend record earns respect; the structure caps the grade.
Frequently Asked Questions
How long has UHT paid dividends?
Since 1987, with small increases most years, one of the longest continuous records in healthcare REITs.
What is UHT’s relationship with Universal Health Services?
UHS is simultaneously UHT’s external advisor and its largest tenant, a related-party structure that provides stability and embeds concentration risk.
Analysis reflects disclosures through Q1 2026. Live market data updates automatically. Independent research, not investment advice.