The Unite Group plc (UTG.L)
| Previous close | 920.00 |
| Open | 925.50 |
| Bid | 936.50 x 0 |
| Ask | 937.50 x 0 |
| Day's range | 919.50 - 940.50 |
| 52-week range | 842.00 - 1,069.00 |
| Volume | |
| Avg. volume | 1,009,207 |
| Market cap | 4.592B |
| Beta (5Y monthly) | 1.23 |
| PE ratio (TTM) | 15.41 |
| EPS (TTM) | 0.61 |
| Earnings date | 24 Jul 2024 |
| Forward dividend & yield | 0.36 (3.83%) |
| Ex-dividend date | 19 Sept 2024 |
| 1y target est | 1,125.00 |
- Reuters
Unite Group raises $580 million for new investments
Student accommodation developer Unite Group said on Wednesday it had raised gross proceeds of around 450 million pounds ($580 million) from a share placing backed by a variety of investors and directors, paving the way for a new acquisition spree. The company said the placing shares were issued at a price of 900 pence per share, representing a discount of 2.6% to the middle market closing price on July 23. "This successful completion of our capital raise reflects the significant investor support for Unite Students and our growth prospects as well as recognition of the continued strong fundamentals of the student accommodation sector," Joe Lister, chief executive officer said in a statement.
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