UNITE Group (UTG) Given Buy Rating at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of UNITE Group (LON:UTG) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Separately, Liberum Capital reissued a hold rating and set a GBX 950 ($12.41) target price on shares of UNITE Group in a report on Monday, April 8th.

UTG opened at GBX 968 ($12.65) on Tuesday. UNITE Group has a fifty-two week low of GBX 793 ($10.36) and a fifty-two week high of GBX 964.50 ($12.60). The company has a debt-to-equity ratio of 28.24, a quick ratio of 1.34 and a current ratio of 1.50. The company has a market cap of $2.55 billion and a price-to-earnings ratio of 10.68.

The company also recently disclosed a dividend, which was paid on Friday, May 17th. Stockholders of record on Thursday, April 11th were paid a GBX 19.50 ($0.25) dividend. This is a positive change from UNITE Group’s previous dividend of $9.50. This represents a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, April 11th. UNITE Group’s dividend payout ratio is currently 0.32%.

UNITE Group Company Profile

Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland.

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