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

Posted by Adam Masters on Sep 18th, 2024

Unite Group PLC (LON:UTG – Get Free Report) declared 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 Down 0.6 %

Shares of LON UTG opened at GBX 969.50 ($12.81) on Wednesday. The stock has a fifty day moving average price of GBX 950.62 and a 200 day moving average price of GBX 934.84. The company has a market cap of £4.74 billion, a P/E ratio of 1,591.80, a P/E/G ratio of 3.20 and a beta of 1.24. Unite Group has a 12-month low of GBX 842 ($11.12) and a 12-month high of GBX 1,069 ($14.12). The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.52.

Insider Buying and Selling at Unite Group

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

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on Unite Group

About Unite Group

(Get Free Report)

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.