Unite Group PLC (LON:UTG) Announces Dividend of GBX 23.60

Unite Group PLC (LON:UTG) announced a dividend on Tuesday, February 27th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 23.60 ($0.29) per share on Friday, May 24th. This represents a yield of 2.39%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Unite Group’s previous dividend of $11.80. The official announcement can be accessed at this link.

Unite Group Trading Up 0.5 %

Shares of UTG opened at GBX 937.50 ($11.67) on Wednesday. The firm’s 50-day moving average price is GBX 965.70 and its 200-day moving average price is GBX 970.64. The firm has a market capitalization of £4.09 billion, a price-to-earnings ratio of 3,732.00, a PEG ratio of 3.20 and a beta of 1.18. The company has a current ratio of 0.43, a quick ratio of 0.73 and a debt-to-equity ratio of 28.47. Unite Group has a 1-year low of GBX 834.28 ($10.39) and a 1-year high of GBX 1,069 ($13.31).

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,155 ($14.38) price objective on shares of Unite Group in a research note on Friday, February 9th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,052 ($13.10) target price on shares of Unite Group in a report on Monday, March 4th.

Unite Group Company Profile

Unite Group PLC, owns, manages, and develops purpose-built student accommodation facilities for the higher education sector in the United Kingdom. The company operates through Operations and Property segments. It manages rental properties, as well as offers asset management services. The company was founded in 1991 and is headquartered in Bristol, England.