UNITE Group plc Plans Dividend of GBX 7.30 (UTG)
UNITE Group plc (LON:UTG) declared a dividend on Wednesday, July 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 5th will be given a dividend of GBX 7.30 ($0.10) per share on Friday, November 3rd. This represents a yield of 1.06%. The ex-dividend date is Thursday, October 5th. The official announcement can be viewed at this link.
UNITE Group plc (LON:UTG) traded up 1.54% during trading on Wednesday, reaching GBX 691.00. 694,781 shares of the company’s stock were exchanged. UNITE Group plc has a 12-month low of GBX 541.57 and a 12-month high of GBX 695.50. The company’s market cap is GBX 1.53 billion. The stock’s 50-day moving average is GBX 654.65 and its 200-day moving average is GBX 632.73.
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UTG has been the subject of a number of recent research reports. Numis Securities Ltd reiterated an “add” rating and issued a GBX 721 ($9.39) target price on shares of UNITE Group plc in a report on Monday, April 10th. Peel Hunt reiterated an “add” rating and issued a GBX 675 ($8.79) target price on shares of UNITE Group plc in a research report on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and issued a GBX 650 ($8.47) target price on shares of UNITE Group plc in a research report on Wednesday, April 26th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 720 ($9.38) target price on shares of UNITE Group plc in a research report on Monday, July 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 721 ($9.39).
UNITE Group plc Company Profile
The Unite Group plc is a United Kingdom-based developer and operator of student accommodation. The Company provides a home for over 50,000 students in approximately 140 properties in over 28 of England and Scotland’s University towns and cities. It operates through two segments: Operations and Property.
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