|Bid||1,141.50 x 0|
|Ask||1,142.00 x 0|
|Day's range||1,126.50 - 1,149.00|
|52-week range||680.12 - 1,149.00|
|Beta (5Y monthly)||1.15|
|PE ratio (TTM)||N/A|
|Earnings date||16 Mar 2021|
|Forward dividend & yield||0.13 (1.13%)|
|Ex-dividend date||15 Apr 2021|
|1y target est||888.13|
Unite, which reported a wider 2020 pre-tax loss of 120 million pounds earlier this month, had said it was targeting 200-300 million pounds worth of asset disposal in 2021 in the hopes of improving liquidity position. "This (disposal) is in line with Unite's stated strategy of aligning to high and mid-tier universities where demand is highest," the company said on Tuesday. Unite's Chief Executive Officer Richard Smith said the sale of the eight properties would help the company achieve its operating profit margin target of 74% by 2023 end.
Richard Smith became the CEO of The Unite Group plc (LON:UTG) in 2016, and we think it's a good time to look at the...
The company, which provides homes to 74,000 students across 177 properties in 27 university towns and cities, however, held out hope for increased sales from January from students opting to move into properties with short-hold tenancy agreements. Schools and universities in Britain started reopening last month after the COVID-19 pandemic had forced their closure since March, resulting in students giving up their campus stay to move back home during the health crisis. "While recognising that this is an evolving situation, all of our buildings remain open with a range of independently assessed COVID-19-secure measures in place," Unite Students CEO Richard Smith said.