Unite Group (LON:UTG) Sets New 1-Year Low at $9.55

Unite Group PLC (LON:UTG - Get Free Report)'s share price 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 changing hands. The stock had previously closed at GBX 949.50 ($12.02).

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group restated 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 restated 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 1.3 %

The firm has a market capitalization of £4.08 billion, a price-to-earnings ratio of 3,748.00, a P/E/G ratio of 3.20 and a beta of 1.18. The stock has a 50 day moving average of GBX 972.96 and a 200 day moving average of GBX 969.54. 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. Investors of record on Thursday, April 18th will be paid a GBX 23.60 ($0.30) dividend. This represents a yield of 2.39%. This is an increase from Unite Group's previous dividend of $11.80. The ex-dividend date of this dividend is Thursday, April 18th. Unite Group's dividend payout ratio (DPR) is 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.