Brokerages Set U.S. Physical Therapy, Inc. (NYSE:USPH) Target Price at $114.00

Shares of U.S. Physical Therapy, Inc. (NYSE:USPH) have been given an average rating of “Buy” by the five brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $114.00.

USPH has been the topic of a number of research analyst reports. JMP Securities began coverage on U.S. Physical Therapy in a research report on Monday, December 16th. They set an “outperform” rating and a $113.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on U.S. Physical Therapy from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Bank of America raised U.S. Physical Therapy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $115.00 in a report on Monday, December 16th. Citizens Jmp upgraded shares of U.S. Physical Therapy to a “strong-buy” rating in a research report on Monday, December 16th. Finally, Barrington Research reiterated an “outperform” rating and issued a $108.00 price target on shares of U.S. Physical Therapy in a research report on Thursday, November 21st.

Insider Activity

In related news, Director Nancy Ham sold 1,172 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $96.72, for a total transaction of $113,355.84. Following the completion of the transaction, the director now directly owns 1,112 shares of the company’s stock, valued at $107,552.64. This represents a 51.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Graham D. Reeve sold 1,724 shares of U.S. Physical Therapy stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $96.29, for a total value of $166,003.96. Following the completion of the sale, the chief operating officer now directly owns 7,106 shares in the company, valued at $684,236.74. This represents a 19.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,412 shares of company stock valued at $706,605. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new stake in shares of U.S. Physical Therapy during the 2nd quarter worth $28,000. Innealta Capital LLC purchased a new stake in U.S. Physical Therapy during the second quarter worth about $30,000. Quest Partners LLC boosted its holdings in U.S. Physical Therapy by 2,808.3% during the second quarter. Quest Partners LLC now owns 349 shares of the company’s stock worth $32,000 after buying an additional 337 shares in the last quarter. Quarry LP grew its position in U.S. Physical Therapy by 1,291.9% during the second quarter. Quarry LP now owns 515 shares of the company’s stock worth $48,000 after buying an additional 478 shares during the period. Finally, Ridgewood Investments LLC purchased a new position in U.S. Physical Therapy in the second quarter valued at about $51,000.

U.S. Physical Therapy Price Performance

Shares of USPH opened at $91.31 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.78 and a quick ratio of 1.78. U.S. Physical Therapy has a 1-year low of $76.18 and a 1-year high of $113.63. The stock has a market cap of $1.38 billion, a PE ratio of 97.14, a price-to-earnings-growth ratio of 4.23 and a beta of 1.46. The firm has a fifty day moving average price of $90.58 and a 200 day moving average price of $89.83.

U.S. Physical Therapy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.76 annualized dividend and a dividend yield of 1.93%. U.S. Physical Therapy’s dividend payout ratio (DPR) is currently 187.23%.

About U.S. Physical Therapy

U.S. Physical Therapy, Inc operates outpatient physical therapy clinics. The company operates through Physical Therapy Operations and Industrial Injury Prevention Services segments. The company provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries.