UNITE Group’s (UTG) “Hold” Rating Reaffirmed at Numis Securities

Numis Securities reiterated their hold rating on shares of UNITE Group (LON:UTG) in a report published on Monday, Digital Look reports. They currently have a GBX 950 ($12.41) price objective on the stock.

Several other analysts have also commented on UTG. Liberum Capital lowered UNITE Group to a hold rating in a research note on Friday, February 8th. Peel Hunt reaffirmed a buy rating on shares of UNITE Group in a research note on Wednesday, February 27th.

Shares of UTG stock opened at GBX 940.50 ($12.29) on Monday. The company has a current ratio of 1.50, a quick ratio of 1.34 and a debt-to-equity ratio of 28.24. The firm has a market capitalization of $2.48 billion and a P/E ratio of 10.38. UNITE Group has a one year low of GBX 793 ($10.36) and a one year high of GBX 964.50 ($12.60).

The business also recently declared a dividend, which was paid on Friday, May 17th. Investors of record on Thursday, April 11th were paid a GBX 19.50 ($0.25) dividend. This is a positive change from UNITE Group’s previous dividend of $9.50. The ex-dividend date was Thursday, April 11th. This represents a yield of 2.11%. UNITE Group’s payout ratio is currently 0.32%.

About UNITE Group

Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland.

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