UNITE Group plc (LON:UTG) announced a dividend on Wednesday, February 21st, Upcoming.Co.Uk reports. Investors of record on Thursday, April 12th will be paid a dividend of GBX 15.40 ($0.22) per share on Friday, May 18th. This represents a yield of 1.98%. The ex-dividend date of this dividend is Thursday, April 12th. This is an increase from UNITE Group’s previous dividend of $7.30. The official announcement can be viewed at this link.
Shares of LON:UTG opened at GBX 811.50 ($11.39) on Friday. UNITE Group has a 1 year low of GBX 618 ($8.67) and a 1 year high of GBX 833 ($11.69).
A number of research firms have issued reports on UTG. Liberum Capital restated a “buy” rating and set a GBX 850 ($11.93) price target on shares of UNITE Group in a report on Monday, January 8th. Peel Hunt restated a “buy” rating and set a GBX 775 ($10.88) price target on shares of UNITE Group in a report on Thursday, January 4th. JPMorgan Chase cut shares of UNITE Group to a “neutral” rating and set a GBX 850 ($11.93) price target for the company. in a report on Monday, January 15th. Jefferies Group restated a “hold” rating and set a GBX 815 ($11.44) price target on shares of UNITE Group in a report on Thursday, January 18th. Finally, Morgan Stanley upped their price target on shares of UNITE Group from GBX 710 ($9.97) to GBX 850 ($11.93) and gave the company an “equal weight” rating in a report on Tuesday, March 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 862.83 ($12.11).
UNITE Group 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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