JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Unite Group (LON:UTG)

JPMorgan Chase & Co. reissued their neutral rating on shares of Unite Group (LON:UTG) in a research report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a GBX 1,100 ($14.23) price target on the stock.

Unite Group Stock Performance

Shares of UTG stock opened at GBX 940 ($12.16) on Thursday. The company has a market cap of £4.10 billion, a P/E ratio of 3,760.00, a PEG ratio of 3.20 and a beta of 1.18. The firm has a fifty day moving average price of GBX 919.70 and a 200 day moving average price of GBX 946.01. The company has a current ratio of 0.43, a quick ratio of 0.73 and a debt-to-equity ratio of 28.47. Unite Group has a 12 month low of GBX 842 ($10.89) and a 12 month high of GBX 1,069 ($13.83).

Unite Group Cuts Dividend

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

Insider Transactions at Unite Group

In other Unite Group news, insider Joe Lister purchased 2,777 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of GBX 900 ($11.64) per share, with a total value of £24,993 ($32,324.11). Corporate insiders own 0.33% of the company’s stock.

Unite Group Company Profile

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.