Fortinet Inc. Stock Underperforms Wednesday When Compared To Competitors

Universal Health Realty Income Trust

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UHT Universal Health Realty Income Trust

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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend

Company profile

Universal Health Realty Income Trust is a real estate investment trust. The Company invests in health care and human service related facilities, including acute care hospitals, behavioral health care hospitals, specialty facilities, free-standing emergency departments, childcare centers, and medical/office buildings. The Company’s portfolio consists of approximately 75 real estate investments or commitments located in approximately 21 states in the United States consisting of approximately six hospital facilities, including three acute care and three behavioral health care; approximately fifty-eight medical/office buildings; approximately four free-standing emergency departments; and approximately four preschool and childcare centers, and approximately three specialty facilities. The Company’s portfolio includes McAllen Medical Center, Wellington Regional Medical Center, Canyon Creek Behavioral Health and Clive Behavioral Health Hospital.

Fortinet Inc. Stock Underperforms Wednesday When Compared To Competitors

4:55 pm ET November 2, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Fortinet Inc. (FTNT) shed 5.65% to $53.23 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.50% to 3,759.69 and Dow Jones Industrial Average falling 1.55% to 32,147.76. This was the stock's second consecutive day of losses. Fortinet Inc. closed $21.12 below its 52-week high ($74.35), which the company achieved on December 29th.

The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. (CSCO) fell 1.96% to $44.57 and HP Inc. (HPQ) fell 3.12% to $26.98. Trading volume (9.7 M) eclipsed its 50-day average volume of 5.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2022.

(END) Dow Jones Newswires

November 02, 2022 16:55 ET (20:55 GMT)