UNITE Group plc (LON:UTG) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 975.60 ($12.75) and last traded at GBX 971.50 ($12.69), with a volume of 9999 shares changing hands. The stock had previously closed at GBX 973.50 ($12.72).

UTG has been the subject of a number of recent analyst reports. Peel Hunt reiterated a “buy” rating on shares of UNITE Group in a report on Wednesday, February 27th. Liberum Capital reiterated a “hold” rating on shares of UNITE Group in a report on Wednesday, February 27th. Finally, Numis Securities reiterated a “hold” rating and issued a GBX 950 ($12.41) price objective on shares of UNITE Group in a report on Monday.

The firm has a market cap of $2.49 billion and a P/E ratio of 10.40. The company has a quick ratio of 1.34, a current ratio of 1.50 and a debt-to-equity ratio of 28.24.

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

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About UNITE Group (LON:UTG)

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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