Unite Group (UTG)

Sector:

Property Investment Trusts

Index:

FTSE 100

931.00p
   
  • Change Today:
      8.50p
  • 52 Week High: 1,057.00p
  • 52 Week Low: 847.00p
  • Currency: UK Pounds
  • Shares Issued: 438.62m
  • Volume: 746,936
  • Market Cap: £4,083.51m
  • RiskGrade: 154

Unite Students sells 8 properties for £133m

By Frank Prenesti

Date: Tuesday 30 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Accommodation provider Unite Students said it had sold eight properties to Aventicum Real Estate for £133m.


The company on Tuesday said the portfolio comprised 2,284 beds and its disposal was part of the group's management strategy which would see it exit "a number of subscale markets, while improving alignment to high and mid-ranked universities".

The disposals are priced at a net operating income yield of 6.5% and a 2% discount to prevailing book value.

Chief executive Richard Smith said the sale was part of Unite's plan to dispose of £200m - £300m of assets in 2021.

"The sale is consistent with our strategy of increasing our exposure to high and mid-ranked Universities where demand is strongest, while delivering operational efficiencies that contribute towards our target for an improvement in our EBIT margin to 74% by the end of 2023," he added.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Unite Group Market Data

Currency UK Pounds
Share Price 931.00p
Change Today 8.50p
% Change 0.92 %
52 Week High 1,057.00p
52 Week Low 847.00p
Volume 746,936
Shares Issued 438.62m
Market Cap £4,083.51m
RiskGrade 154

Unite Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.04% below the market average89.04% below the market average89.04% below the market average89.04% below the market average89.04% below the market average
92.59% below the sector average92.59% below the sector average92.59% below the sector average92.59% below the sector average92.59% below the sector average
Price Trend
17.57% below the market average17.57% below the market average17.57% below the market average17.57% below the market average17.57% below the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Income
32.83% above the market average32.83% above the market average32.83% above the market average32.83% above the market average32.83% above the market average
46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average
Growth
67.81% below the market average67.81% below the market average67.81% below the market average67.81% below the market average67.81% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 3
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Unite Group Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 14-Sep-23
Paid 24-May-24 27-Oct-23
Amount 23.60p 11.80p

Trades for 28-May-2024

Time Volume / Share Price
16:35 599 @ 931.00p
16:35 477,139 @ 931.00p
16:35 1 @ 931.00p
16:35 641 @ 931.00p
16:35 642 @ 931.00p

Unite Group Key Personnel

CEO Joe Lister
Chair Richard N L Huntingford
CFO Michael Burt

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