According to Zacks, “U.S. Physical Therapy, Inc. operates outpatient physical and occupational therapy clinics which provide post-operative care and treatment for a variety of orthopedic-related disorders and sports-related injuries. “
Several other research firms have also recently weighed in on USPH. Barrington Research cut U.S. Physical Therapy from an outperform rating to a market perform rating in a report on Friday, March 17th. Jefferies Group LLC set a $63.00 price target on U.S. Physical Therapy and gave the company a hold rating in a report on Saturday, March 18th.
U.S. Physical Therapy (NYSE:USPH) traded up 0.31% on Friday, reaching $64.20. The company’s stock had a trading volume of 43,565 shares. U.S. Physical Therapy has a one year low of $48.71 and a one year high of $78.00. The stock has a market cap of $803.85 million, a P/E ratio of 33.26 and a beta of 0.91. The stock has a 50-day moving average of $66.71 and a 200-day moving average of $66.88.
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The company also recently declared a quarterly dividend, which will be paid on Friday, May 5th. Shareholders of record on Monday, April 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, April 12th. This is a boost from U.S. Physical Therapy’s previous quarterly dividend of $0.17. U.S. Physical Therapy’s dividend payout ratio (DPR) is currently 35.05%.
Institutional investors have recently made changes to their positions in the company. Sei Investments Co. boosted its position in shares of U.S. Physical Therapy by 115.3% in the third quarter. Sei Investments Co. now owns 1,701 shares of the company’s stock worth $106,000 after buying an additional 911 shares during the period. Acrospire Investment Management LLC boosted its position in shares of U.S. Physical Therapy by 28.0% in the third quarter. Acrospire Investment Management LLC now owns 1,830 shares of the company’s stock worth $115,000 after buying an additional 400 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of U.S. Physical Therapy during the third quarter worth approximately $154,000. Tyers Asset Management LLC bought a new position in shares of U.S. Physical Therapy during the fourth quarter worth approximately $166,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of U.S. Physical Therapy by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,770 shares of the company’s stock worth $174,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 96.70% of the company’s stock.
About U.S. Physical Therapy
U.S. Physical Therapy, Inc, through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care, and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries.