Unite Group (LON:UTG) Reaches New 52-Week Low at $9.55

Shares of Unite Group PLC (LON:UTG) hit a new 52-week low on Tuesday . The stock traded as low as GBX 9.55 ($0.12) and last traded at GBX 946.50 ($11.98), with a volume of 362277 shares trading hands. The stock had previously closed at GBX 949.50 ($12.02).

Wall Street Analysts Forecast Growth

UTG has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,155 ($14.62) target price on shares of Unite Group in a research note on Friday, February 9th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,052 ($13.31) target price on shares of Unite Group in a research note on Monday, March 4th.

Unite Group Stock Down 0.1 %

The firm has a 50 day moving average of GBX 971.06 and a 200 day moving average of GBX 969.21. The firm has a market cap of £4.02 billion, a price-to-earnings ratio of 3,688.00, a PEG ratio of 3.20 and a beta of 1.18. The company has a quick ratio of 0.73, a current ratio of 0.43 and a debt-to-equity ratio of 28.47.

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 GBX 23.60 ($0.30) dividend. The ex-dividend date is Thursday, April 18th. This represents a yield of 2.39%. This is a positive change from Unite Group’s previous dividend of $11.80. Unite Group’s dividend payout ratio is presently 14,000.00%.

About Unite Group

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.