Unite Group (LON:UTG) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Unite Group PLC (LON:UTG - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 845.01 ($11.35) and traded as high as GBX 876 ($11.77). Unite Group shares last traded at GBX 875 ($11.76), with a volume of 1,434,725 shares traded.

Unite Group Trading Down 0.3 %

The business has a fifty day moving average price of GBX 829.33 and a 200 day moving average price of GBX 843.19. The company has a market capitalization of £4.23 billion, a PE ratio of 14.04, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 38.76, a quick ratio of 0.73 and a current ratio of 1.58.

Unite Group (LON:UTG - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported GBX 46.60 ($0.63) EPS for the quarter. Unite Group had a return on equity of 6.45% and a net margin of 79.68%. Analysts expect that Unite Group PLC will post 47.9341004 EPS for the current fiscal year.

Unite Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be issued a dividend of GBX 24.90 ($0.33) per share. This is an increase from Unite Group's previous dividend of $12.40. This represents a dividend yield of 3.06%. The ex-dividend date is Thursday, April 17th. Unite Group's dividend payout ratio (DPR) is presently 57.98%.

About Unite Group

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation, serving the country's world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.