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Prices & Quotes - UK Markets - Unite Group (UTG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,170.50p
Change Today:
22.00p
Market Cap:
4,661.28m
Sector:
Real Estate Investment Trusts

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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Unite Group Market Data

Currency UK Pounds
Price 1,170.50p
Change Today 22.00p
52 Week High 1,174.00p
52 Week Low 696.50p
Volume 647,584
Shares Issued 398.23m
Market Cap 4,661.28m
Beta 0.04

Performance Indicators

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What The Brokers Say

Strong Buy 3
Buy 2
Neutral 5
Sell 0
Strong Sell 1
Total 11
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 15-Apr-21 19-Sep-19
Paid 21-May-21 01-Nov-19
Amount 12.75p 10.25p

Trades for 06-May-2021

Time Volume / Share Price
16:45 168 @ 1,164.00p
16:45 168 @ 1,164.00p
16:36 9,000 @ 1,165.50p
16:36 87,700 @ 1,165.50p
16:35 354,319 @ 1,170.50p

Unite Group Key Personnel

CFO Joe Lister
CEO Richard Smith