Unite Group (UTG)

Sector:

Property Investment Trusts

Index:

FTSE 100

951.00p
   
  • Change Today:
    -6.50p
  • 52 Week High: 1,057.00p
  • 52 Week Low: 847.00p
  • Currency: UK Pounds
  • Shares Issued: 435.87m
  • Volume: 953,285
  • Market Cap: £4,145.08m
  • RiskGrade: 154

Unite says 90% of student rooms booked for next academic year

By Frank Prenesti

Date: Wednesday 12 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Student accommodation provider Unite said it had already sold 90% of its rooms for the 2023/24 academic year, reflecting strong demand as well as new nomination agreements with universities.
"This is supportive of our guidance for full occupancy and rental growth of 6-7% for the 2023/24 academic year, compared with 99% and 3.5% in 2022/23," the company said on Wednesday.

The supply of purpose-built student accommodation cannot keep pace with growing student demand at the same time as HMO landlords are leaving the sector. We are therefore tracking a number of new development opportunities at attractive returns, which we are uniquely positioned to deliver through our university relationships and development capability."

Reporting by Frank Prenesti for Sharecast.com

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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 951.00p
Change Today -6.50p
% Change -0.68 %
52 Week High 1,057.00p
52 Week Low 847.00p
Volume 953,285
Shares Issued 435.87m
Market Cap £4,145.08m
RiskGrade 154

Unite Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.57% below the market average89.57% below the market average89.57% below the market average89.57% below the market average89.57% below the market average
92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average
Price Trend
12.37% below the market average12.37% below the market average12.37% below the market average12.37% below the market average12.37% below the market average
13.33% above the sector average13.33% above the sector average13.33% above the sector average13.33% above the sector average13.33% above the sector average
Income
18.54% above the market average18.54% above the market average18.54% above the market average18.54% above the market average18.54% above the market average
52% below the sector average52% below the sector average52% below the sector average52% below the sector average52% below the sector average
Growth
69.19% below the market average69.19% below the market average69.19% below the market average69.19% below the market average69.19% below the market average
35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% 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 14-May-2024

Time Volume / Share Price
16:35 547,024 @ 951.00p
16:35 5,177 @ 951.00p
16:35 1,999 @ 951.00p
16:35 1,791 @ 951.00p
16:35 2,676 @ 951.00p

Unite Group Key Personnel

CEO Joe Lister
Chair Richard N L Huntingford
CFO Michael Burt

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