Unite Group (LON:UTG) Share Price Passes Above 200 Day Moving Average of $967.26

Unite Group PLC (LON:UTGGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 967.26 ($12.22) and traded as high as GBX 983 ($12.42). Unite Group shares last traded at GBX 978 ($12.36), with a volume of 566,004 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,155 ($14.60) price objective on shares of Unite Group in a report on Friday, February 9th. Berenberg Bank reissued a “hold” rating and issued a GBX 1,052 ($13.29) price objective on shares of Unite Group in a report on Monday, March 4th.

Check Out Our Latest Analysis on Unite Group

Unite Group Price Performance

The company has a quick ratio of 0.73, a current ratio of 0.43 and a debt-to-equity ratio of 28.47. The firm has a market cap of £4.26 billion, a PE ratio of 3,912.00, a P/E/G ratio of 3.20 and a beta of 1.18. The firm’s fifty day simple moving average is GBX 980.82 and its two-hundred day simple moving average is GBX 967.26.

Unite Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 18th will be issued a dividend of GBX 23.60 ($0.30) per share. The ex-dividend date is Thursday, April 18th. This represents a yield of 2.39%. This is an increase from Unite Group’s previous dividend of $11.80. Unite Group’s payout ratio is currently 14,000.00%.

Unite Group Company Profile

(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.

Further Reading

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