U.S. Physical Therapy, Inc. (USPH) Stock Rating Upgraded by Zacks Investment Research


Zacks Investment Research upgraded shares of U.S. Physical Therapy, Inc. (NYSE:USPH) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

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. “

Other research analysts have also recently issued research reports about the company. Jefferies Group LLC set a $63.00 price target on U.S. Physical Therapy and gave the stock a hold rating in a research report on Saturday, March 18th. Barrington Research cut U.S. Physical Therapy from an outperform rating to a market perform rating in a research report on Friday, March 17th.

U.S. Physical Therapy (NYSE:USPH) opened at 64.00 on Tuesday. U.S. Physical Therapy has a 52 week low of $48.71 and a 52 week high of $78.00. The stock has a market cap of $801.34 million, a P/E ratio of 33.16 and a beta of 0.91. The stock has a 50 day moving average of $67.05 and a 200-day moving average of $66.87.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, May 5th. Shareholders of record on Monday, April 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date 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 payout ratio is currently 35.05%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its stake in U.S. Physical Therapy by 6.3% in the third quarter. BlackRock Fund Advisors now owns 927,868 shares of the company’s stock valued at $58,177,000 after buying an additional 54,747 shares during the period. Summit Global Investments purchased a new stake in U.S. Physical Therapy during the fourth quarter valued at $484,000. Schroder Investment Management Group boosted its stake in U.S. Physical Therapy by 209.2% in the third quarter. Schroder Investment Management Group now owns 319,373 shares of the company’s stock valued at $20,024,000 after buying an additional 216,073 shares during the period. Citadel Advisors LLC purchased a new stake in U.S. Physical Therapy during the third quarter valued at $530,000. Finally, Allianz Asset Management AG purchased a new stake in U.S. Physical Therapy during the fourth quarter valued at $381,000. Hedge funds and other institutional investors own 96.70% of the company’s stock.

U.S. Physical Therapy Company Profile

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.

5 Day Chart for NYSE:USPH

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