Unite Group PLC (LON:UTG) Insider Purchases £24,993 in Stock

Unite Group PLC (LON:UTG) insider Joe Lister acquired 2,777 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of GBX 900 ($11.64) per share, for a total transaction of £24,993 ($32,324.11).

Unite Group Stock Up 2.2 %

Unite Group stock opened at GBX 940 ($12.16) on Monday. The stock has a market cap of £4.10 billion, a price-to-earnings ratio of 3,760.00, a PEG ratio of 3.20 and a beta of 1.18. The company has a current ratio of 0.43, a quick ratio of 0.73 and a debt-to-equity ratio of 28.47. The company’s 50-day moving average price is GBX 919.70 and its two-hundred day moving average price is GBX 945.36. Unite Group PLC has a 52 week low of GBX 842 ($10.89) and a 52 week high of GBX 1,069 ($13.83).

Unite Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 19th will be paid a dividend of GBX 12.40 ($0.16) per share. The ex-dividend date is Thursday, September 19th. This represents a yield of 1.34%. Unite Group’s payout ratio is 14,000.00%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 1,100 ($14.23) target price on shares of Unite Group in a research note on Thursday.

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.