Unite Group PLC (LON:UTG) to Issue GBX 12.40 Dividend

Posted by John Adams on Sep 18th, 2024

Unite Group PLC (LON:UTG – Get Free Report) announced a dividend on Tuesday, July 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 19th will be paid a dividend of GBX 12.40 ($0.16) per share on Friday, November 1st. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 19th. The official announcement can be viewed at this link.

Unite Group Stock Performance

Shares of UTG opened at GBX 969.50 ($12.81) on Wednesday. The company has a debt-to-equity ratio of 38.52, a current ratio of 1.58 and a quick ratio of 0.73. Unite Group has a 12-month low of GBX 842 ($11.12) and a 12-month high of GBX 1,069 ($14.12). The business’s fifty day moving average price is GBX 950.62 and its 200 day moving average price is GBX 934.84. The stock has a market capitalization of £4.74 billion, a PE ratio of 1,591.80, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24.

Insiders Place Their Bets

In other Unite Group news, insider Joe Lister purchased 2,777 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of GBX 900 ($11.89) per share, with a total value of £24,993 ($33,015.85). 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UTG shares. Berenberg Bank restated a “hold” rating and issued a GBX 1,052 ($13.90) price target on shares of Unite Group in a research report on Thursday, August 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,100 ($14.53) target price on shares of Unite Group in a report on Thursday, July 25th.

Get Our Latest Report on Unite Group

Unite Group Company Profile

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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.