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LON:UTGUNITE Group Share Price, Forecast & News

GBX 920
+2.50 (+0.27 %)
(As of 07/3/2020 01:05 PM ET)
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Today's Range
910.50
Now: GBX 920
934.50
50-Day Range
696.50
MA: GBX 859.45
977
52-Week Range
6.84
Now: GBX 920
1,351
Volume1.35 million shs
Average Volume744,474 shs
Market Capitalization£3.35 billion
P/E RatioN/A
Dividend Yield5.13%
BetaN/A
Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland. Unite also has a strong development pipeline, which will deliver more than 6,000 beds in the next three years. Our 1,400 people are driven by a common purpose: to provide the students who live with us a 'Home for Success' and to be the most trusted brand in the sector. We do this through quality service, quality people and quality properties, all designed on the basis of an unrivalled insight into students' needs and preferences. Unite's accommodation is high quality, safe and secure, and located close to university campuses, transport links and local amenities. Students live predominantly in en-suite study bedrooms with rents covering all bills, insurance, 24-hour security, fortnightly cleaning services and high-speed Wi-Fi.MyUnite, our mobile app, provides practical support such as instant messaging and maintenance requests. Our commitment to customer service is powered by an innovative, in-house operating platform. It provides a wide range of benefits to our students, such as an optimised online booking process, as well as providing us with a unique ability to drive value from our portfolio through scale efficiencies and revenue management. Alongside delivering quality service, our other strategic priority is delivering growing and sustainable earnings, underpinned by a strong capital structure. A key part of this strategy is growing the number of beds let though partnerships with mid and high tariff universities which are experiencing record levels of student demand. We currently partner with 60 higher education institutions, guaranteeing that approximately 60% of our rooms are let under multi-year, 'nomination agreements' providing high visibility of forward occupancy and rental growth. Unite is invested in and operates two specialist funds and joint ventures with institutional investment partners: the £2 billion Unite UK Student Accommodation Fund (USAF), and the £1 billion London Student Accommodation Vehicle (LSAV). Unite is the founder of and major donor to the Unite Foundation, a charitable trust established to support talented students facing challenging financial circumstances through the provision of free accommodation annual scholarships. The Foundation has so far provided scholarships for 250 young people working in close collaboration with 28 universities. Founded in 1991 in Bristol, Unite Group is an award-winning Real Estate Investment Trust (REIT), listed on the London Stock Exchange and a member of the FTSE 250 Index.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.49 out of 5 stars


Industry, Sector and Symbol

Industry REIT - Diversified
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone+44-117-3027000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales£200.10 million
Cash FlowGBX 23.52 per share
Book ValueGBX 844.80 per share

Profitability

Miscellaneous

Employees1,471
Market Cap£3.35 billion
Next Earnings Date7/21/2020 (Estimated)
OptionableNot Optionable

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UNITE Group (LON:UTG) Frequently Asked Questions

How has UNITE Group's stock been impacted by COVID-19 (Coronavirus)?

UNITE Group's stock was trading at GBX 1,058 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, UTG stock has decreased by 13.0% and is now trading at GBX 920. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of UNITE Group?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for UNITE Group in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for UNITE Group.

When is UNITE Group's next earnings date?

UNITE Group is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for UNITE Group.

How often does UNITE Group pay dividends? What is the dividend yield for UNITE Group?

UNITE Group declared a dividend on Wednesday, February 26th. Shareholders of record on Thursday, April 9th will be given a dividend of GBX 22.95 per share on Friday, May 15th. This represents a yield of 1.81%. The ex-dividend date is Thursday, April 9th. This is a positive change from UNITE Group's previous dividend of GBX 10.25. The official announcement can be seen at this link. View UNITE Group's dividend history.

What price target have analysts set for UTG?

9 brokers have issued 12 month price targets for UNITE Group's shares. Their forecasts range from GBX 900 to GBX 1,270. On average, they expect UNITE Group's stock price to reach GBX 1,036.50 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price. View analysts' price targets for UNITE Group.

Has UNITE Group been receiving favorable news coverage?

Media coverage about UTG stock has been trending somewhat positive on Friday, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. UNITE Group earned a news sentiment score of 1.6 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about UNITE Group.

Who are some of UNITE Group's key competitors?

What other stocks do shareholders of UNITE Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other UNITE Group investors own include Berkeley Group (BKG), Johnson & Johnson (JNJ), Premier Oil (PMO), BAE SYS PLC/S (BAESY), Infrastructure India (IIP), AT&T (T), Verizon Communications (VZ), Enterprise Products Partners (EPD), IBM (IBM) and Main Street Capital (MAIN).

Who are UNITE Group's key executives?

UNITE Group's management team includes the following people:
  • Mr. Richard S. Smith, CEO & Director (Age 45)
  • Mr. Joseph J. Lister, CFO & Director (Age 48)
  • Ms. Caroline Hall, PA to CFO & Corp. Devel. Director
  • Mr. Christopher R. Szpojnarowicz, Company Sec., Head of Legal & Group Legal Director
  • Candice Macdonald, Head of Corp. Communications

What is UNITE Group's stock symbol?

UNITE Group trades on the London Stock Exchange (LON) under the ticker symbol "UTG."

How do I buy shares of UNITE Group?

Shares of UTG and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What is UNITE Group's stock price today?

One share of UTG stock can currently be purchased for approximately GBX 920.

How big of a company is UNITE Group?

UNITE Group has a market capitalization of £3.35 billion and generates £200.10 million in revenue each year. UNITE Group employs 1,471 workers across the globe.

What is UNITE Group's official website?

The official website for UNITE Group is www.unite-group.co.uk.

How can I contact UNITE Group?

UNITE Group's mailing address is The Core, 40 St. Thomas Street, BRISTOL, BS1 6JX, United Kingdom. The company can be reached via phone at +44-117-3027000.

This page was last updated on 7/3/2020 by MarketBeat.com Staff

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