UNITE Group plc with ticker (LON:UTG) now has a potential upside of 10.2% according to Berenberg Bank.
Berenberg Bank set a target price of 1,052 GBX for the company, which when compared to the UNITE Group plc share price of 955 GBX at opening today (14/03/2024) indicates a potential upside of 10.2%. Trading has ranged between 834 (52 week low) and 1,069 (52 week high) with an average of 824,967 shares exchanging hands daily. The market capitalisation at the time of writing is £4,177,718,100.
The Unite Group PLC is a United Kingdom-based owner, manager, and developer of purpose-built student accommodation. The Company provides homes to approximately 70,000 students, across 157 properties, in 23 university towns and cities. It partners with approximately 60 universities across the United Kingdom. The Company operates through two segments: Operations and Property. The Operations segment manages rental properties, owned directly by the Company or by joint ventures. The Company undertakes its Operations and Property activities directly and through joint ventures with third parties. The Company rents its rooms both directly to students and to universities. Its properties provide accommodation close to university campuses, transport, and local amenities. It offers study bedrooms, insurance, 24-hour security, cleaning services, and Wi-Fi throughout its buildings.
UNITE Group plc 10.2% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Unite says 79% of beds are reserved for the 2026/27 academic year and confirms FY2026 adjusted EPS guidance of 41.5–43.0p.
Unite Group said 74% of beds are reserved for 2026/27 and reiterated guidance for occupancy and rental growth at the lower end of previous ranges. The company is progressing asset disposals, advancing its share buyback programme, and reported quarterly valuation declines at USAF and LSAV driven by yield expansion.
Unite Students has agreed the £186 million sale of St Pancras Way, a 571-bed property fully nominated to UCL for 2026/27, to USAF. The disposal, funded through existing cash and a USAF equity raise, is in line with the Group’s 2026 earnings guidance and capital allocation priorities.
Unite Students reported trading in line with expectations, with 64% of beds sold for 2026/27 and guidance reiterated for FY2025 adjusted EPS.
Unite Group has reserved 95.2% of beds for the 2025/26 academic year, delivering 4% rental growth and reiterating FY2025 adjusted EPS guidance of 47.5-48.25p.
Empiric Student Property has released its Scheme Document for the recommended Unite Group acquisition, with shareholder meetings set for 6 October 2025. Interim results showed a £1.2 billion property portfolio value, EPRA EPS of 2.2p, and occupancy improving to 84% with a target of 97% for the 2025/26 academic year.
