Unite Group (LON:UTG) Share Price Passes Above 200-Day Moving Average of $936.53

Unite Group PLC (LON:UTG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 936.53 ($12.35) and traded as high as GBX 963 ($12.70). Unite Group shares last traded at GBX 957.50 ($12.63), with a volume of 900,354 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UTG shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 1,100 ($14.51) price target on shares of Unite Group in a research report on Thursday, July 25th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,052 ($13.87) price target on shares of Unite Group in a research report on Thursday, August 22nd.

Unite Group Stock Performance

The firm’s fifty day moving average price is GBX 934.98 and its 200-day moving average price is GBX 936.53. The company has a market cap of £4.68 billion, a P/E ratio of 1,569.67, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 38.52.

Unite Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 19th will be given a dividend of GBX 12.40 ($0.16) per share. This represents a yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 19th. Unite Group’s dividend payout ratio (DPR) is presently 5,901.64%.

Insider Buying and Selling at Unite Group

In other news, insider Joe Lister bought 2,777 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of GBX 900 ($11.87) per share, for a total transaction of £24,993 ($32,959.25). Insiders own 0.30% of the company’s stock.

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.