Share Name Share Symbol Market Type Share ISIN Share Description
Unite Group LSE:UTG London Ordinary Share GB0006928617 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +0.08% 626.50p 626.50p 628.00p 628.50p 619.50p 622.50p 311,036 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 208.8 388.4 164.2 3.8 1,392.78

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DateSubject
25/9/2016
09:20
Unite Group Daily Update: Unite Group is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker UTG. The last closing price for Unite Group was 626p.
Unite Group has a 4 week average price of 626.76p and a 12 week average price of 619.31p.
The 1 year high share price is 682.50p while the 1 year low share price is currently 550.50p.
There are currently 222,310,583 shares in issue and the average daily traded volume is 959,758 shares. The market capitalisation of Unite Group is £1,392,775,802.50.
29/2/2016
21:30
maddox: Hi Wirral Owl, Yep, Unite have reported a 37% total shareholder return for the year - which is difficult to argue with. However, I'd caution against you expecting to see a 4-5% yield at the point that you invest. I doubt that Unite is ever likely to look that cheap, as Mr Market is likely to give the shares a premium in consideration of: >> Rental yield growth which has been consistently between 3-4%; >> Portfolio growth 1,200-2,200 beds per annum; >> Very stable market demand for student property; IMHO this asset class is undervalued - it's defensive in nature yet generating consistent growth that looks pretty reliable projected over a 3/5 year time horizon. It's this predictable uncorrelated performance that is driving the likes of the Welcome Trust to substantially increase its investment in the sector: '19 Jan 2016 - Goldman Sachs has joined forces with the Wellcome Trust, a British charitable foundation, in a £2bn student accommodation joint venture' So I can foresee Unite's share price rising to reflect these factors and the yield decreasing towards 2% (sp > 730p). This is not a prediction or a tip, the future is uncertain, but just my opinion. Regards, Maddox
24/2/2016
15:31
maddox: Unite posted their 2015 full year results yesterday, the highlights being: 'Excellent financial performance on all fronts >> EPRA earnings up 84% to £61.3 million from £33.3 million. Excluding the yield related element of the USAF performance fee, Adjusted EPRA earnings up 49% to £49.5 million. >> EPRA earnings per share up 66% to 28.6 pence from 17.2 pence in 2014. Excluding the yield related element of the USAF performance fee, Adjusted EPRA EPS up 34% to 23.1 pence. >> EPRA NAV per share up 33% to 579 pence (2014: 434 pence) making, together with dividends paid, a total return of 37% for the year. The calculation of EPRA NAV per share now reflects an assumption that the convertible bond will fully convert, resulting in dilution of 10 pence. Full year dividend of 15.0 pence up 34% (2014: 11.2 pence). Final dividend declared of 9.5 pence (2014: 9.0 pence). Like for like rental growth of 3.8% for the full year (2014: 3.3%).' Also the outlook is also exceedingly positive, the 2017 pipeline of new build complete and good progress on 2018. The other important news is that Unite will convert to a Real Estate Property Trust (REIT). This provides a beneficial tax status in exchange for Unite paying out 90% of its rental income as dividends - and this will further enhance the dividend yield. So it's difficult to explain the c.25p near 4% drop in the share price! One explanation might be that Mr Market was expecting even better results or another that perhaps an FI was taking the opportunity to cash-in their winnings? On the face of it - it looks to me that Unite beat the market consensus forecasts - so will need to take a closer look. Regards Maddox
05/10/2015
11:28
maddox: Despite the share price volatility we're experiencing Unite is progressing extremely well as confirmed by their fund valuations announced today: 'At 30 September 2015, USAF's property portfolio was independently valued at £2,017 million representing a like for like increase of 2.1% during the quarter (11.1% in the nine months to 30 September). The portfolio comprises 26,813 beds in 75 properties across 24 University towns and cities in the UK. LSAV's investment portfolio was independently valued at £720 million, up 2.3% on a like-for-like basis in the quarter (14.8% in the nine months to 30 September). Following the practical completion of the 759 bed Angel Lane development in Stratford in August, LSAV's investment portfolio now comprises 4,636 beds across 12 properties in London and three properties in Edinburgh. The increase in valuations is driven primarily by rental growth and eight basis points of yield compression in both USAF and LSAV on a like-for-like basis in the quarter (54 and 69 basis points respectively in the nine months to September). The overall USAF portfolio is now valued at an average yield of 5.8% and LSAV's portfolio at 5.1%.' ....and the letting demand remains extremely robust: 'The lettings cycle for the 2015/16 academic year is now largely complete. Unite's total portfolio of over 46,000 beds has achieved strong occupancy levels, with 99% of bed spaces let delivering rental growth of 3.8%.' This last piece of news obviously bodes well for the rest of the year. Place this organic growth on top of the further developments and acquisitions and the stars appear to be very much aligned for Unite. Regards, Maddox
18/5/2015
16:59
wirralowl: Leeson, its the ex-dividend date where you would usually see any adjustment (drop) in price and in this case it went ex-divi on 23/4 for 9p. The payment date of a dividend shouldn't have any affect on the share price.
23/2/2015
07:53
maddox: Hi Guys, In my post 395 on the 21/8/14 I predicted Unite's transformation: "Unite is maturing and the balance is shifting from development gains towards rental income. As Unite will need to recycle less cash back into development they will be able to increase dividends. This will drive the share price forward as the typical property investors seeking asset backed income come on board. We are in the midst of this transition and we may tread water as share price support moves from NAV to dividend yield. It might just be that rising interest rates highlight the attractiveness of a company that will be able to grow its dividends?" Well, these fantastic results demonstrate that this is happening. The robust growth in earnings (44%) has driven a 133% rise in dividends. The future is also looking positive with the existing pipeline likely to near double the dividend payout as it's built-out over the next few years by 2018. Regards, Maddox
12/1/2015
15:10
jeffcranbounre: Unite Group is featured into today's ADFVN podcast. To listen to the podcast click here> http://bit.ly/ADVFN0105 In today's podcast: - Technical Analyst Nicola Duke will be chatting and charting, Anite, Big Yellow Group, ITE, Union Jack Oil, Afren. Nicola on Twitter is @NicTrades - And the micro and macro news including: Quindell #QPP Afren #AFR Shire #SHP ITV #ITV Taylor Wimpey #TW. Big Yellow Group #BYG ITE #ITE Union Jack Oil #UJO Anite #AIE Unite Group #UTG Pace #PIC Royal Mail #RMG Prudential #PRU Hikma Pharmaceuticals #HIK AO World #AO. Betfair #BET Sound Oil #SOU Advanced Oncotherapy #AVO International Airlines Group #IAG Afren #AFR Ophir Energy #OPHR Premier Farnell #PFL New River Retail #NRR Victrex #VCT Catlin Group #CGL Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
09/1/2015
19:18
jeffcranbounre: Unite is mentioned in today's ADVFN podcast. To listen click here> http://bit.ly/ADVFN0104 In today's podcast: - Technical Analyst and PR at Masterinvestor.co.uk Zak Mir Alan will be charting, Quindell, LGO Energy, Tesco and Nanoco. Zak on Twitter is @ZaksTradingCafe - And the micro and macro news including: Tesco #TSCO LGO Energy #LGO Quindell #QPP Gulf Keystone Petroleum #GKP Nanoco #NANO The Restaurant Group #RTN Laird #LRD Unite Group #UTG SSP #SSPG Trainline Jardine Lloyd Thompson #JLT H&T Group #HAT Morgan Sindall #MGNS Zoopla Property #ZPLA Rightmove #RMV LSL Property #LSL Countrywide #CWD Taylor Wimpey #TW. Redrow #RDW Persimmon #PSN Crest Nicholson #CRST Bovis Homes #BVS Berkeley Group #BKG Bellway #BWY Barratt Developments #BDEV Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.
07/10/2014
23:42
maddox: Hi Clarkrob, No idea. However the FIs investing in Unite are probably looking for a fairly large sized investment. So buying, selling or re-balancing they are going to move the share price. It appears that UK student accommodation is attracting some major international FIs. "UK student property investment is set to surpass last year’s total of £2 billion, according to JLL." and "Student accommodation has already established a reputation as the UK’s best performing asset class and it seems more investors than ever before are ready to buy a student property." hTTp://www.selectproperty.com/2014/10/uk-student-property-investment-surpass-2bn-total-year/ This is likely to underpin this asset class and Unite's valuation and share price. So while buying and selling pressure is creating some volatility the value is solid. Regards, Maddox
01/9/2014
15:01
mechanical trader: Friday tips round-up: Playtech, Unite Group Fri 29 August 2014 08:39 A A A Betting and gaming software provider Playtech's first half results showed the company is firing on almost all cylinders, but much is already baked into the share price, writes The Times's Tempus. Sales at its casino division rose by 29%, driven by multiple customer wins in various territories, accompanied by a 35% increase at its sports business. However, the expansion in the latter was flattered by the World Cup and is not a sustainable rate of growth. Bingo and poker on the other hand are facing stiff competition. The company nevertheless is left in the enviable position of having to decide how best to deploy its €366m cash pile. The board is hoping that the spread of regulation later in the year might present it with opportunities for investment. Even so, while the technology outfit is growing fast and regulatory changes offer enormous potential for gaming markets, on 19 times' earnings the stock is "not cheap, and probably only a hold," says Tempus. Property investing is about yield, borrowing cheaply and obtaining a stable stream of income with those funds, and Unite Group is excelling at it. Over the first six months of the year the provider of student accommodation has managed to cut the average cost of its debt by 60 basis points to 4.7%. In parallel, the average maturity of that debt has been extended to over seven years and is almost all on fixed terms. Meanwhile, its portfolio of assets yields a steady 9% to 10%. Furthermore, the company is benefiting from the increased rates of growth in university attendance. Unite expects to add another 1,600 beds, mainly in London, to its portfolio over the coming two years. It should come as little surprise therefore that the company is set to hit its earnings target of 18p per share a year early. The shares only offer a 1.3% dividend yield but what you are paying for in this case is the expansion in the net asset value of the portfolio - which is reasonable. The stock still looks attractive, so 'buy' says The Daily Telegraph's Questor column. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
21/8/2014
22:53
maddox: Thanks WirralOwl for your kind words. I've thought about the effect of a rise in interest rates on Unite. Clearly Unite has had all the stars aligned and low interest rates has been one of them - but not the most important. They are the largest student property company in a large and fragmented market. There is a huge student demand, the rental market is strong and Unite's property is attractive and well located. They have no problems letting and they are consistently able to increase prices. They can still find development opportunities with an attractive gain and on initial yield. These factors are far more important. Also, the recovery is still pretty fragile and I'll be very surprised if rates rise more than 0.25%. With a small rate rise it is unlikely to put too much of a dampener on Unite and their funding position is now very sound. Unite is maturing and the balance is shifting from development gains towards rental income. As Unite will need to recycle less cash back into development they will be able to increase dividends. This will drive the share price forward as the typical property investors seeking asset backed income come on board. We are in the midst of this transition and we may tread water as share price support moves from NAV to dividend yield. It might just be that rising interest rates highlight the attractiveness of a company that will be able to grow its dividends? Anyway, looking forward to the interims on the 28th. Regards, Maddox
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