Latest news with #UniteGroup
Business Insider
5 days ago
- Business
- Business Insider
Kepler Capital Keeps Their Sell Rating on Unite Group plc (UTG)
In a report released on June 5, Julian Livingston-Booth from Kepler Capital maintained a Sell rating on Unite Group plc (UTG – Research Report), with a price target of p820.00. The company's shares closed yesterday at p840.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Livingston-Booth is a 4-star analyst with an average return of 3.5% and a 57.14% success rate. Livingston-Booth covers the Real Estate sector, focusing on stocks such as British Land Company plc, Land Securities Group plc REIT, and LondonMetric Property. Unite Group plc has an analyst consensus of Moderate Buy, with a price target consensus of p1,033.83.
Time of India
6 days ago
- Business
- Time of India
UK's Unite Group bids $976 million for Empiric Student Property
BENGALURU: British student accommodation developer Unite Group has proposed to buy smaller rival Empiric Student Property for about 719 million pounds ($976 million), the companies said on Thursday, the latest in a string of deal-making in the UK. Under the possible offer, shareholders of real estate investment trust Empiric would receive 30 pence in cash and 0.09 new Unite shares for each Empiric share held, for an implied value of 107 pence per share, the groups said. The potential transaction could add to a growing list of deals in the UK and within the country's REIT industry. Warehouse REIT agreed on Wednesday to sell itself, LondonMetric said in May it would buy Urban Logistics, while a host of American companies have also bid for British firms in recent weeks. Shares of Empiric, which focuses on premium, direct-let student accommodation in university towns and cities in the UK, surged to an eight-year high on Thursday, closing up 6.1% at 103.2 pence, but were still below the offer price. Meanwhile, Unite closed down 2.2% at 837 pence. The company said its proposal, a sweetened offer following its first approach in early May, also allows Empiric shareholders to retain a declared interim dividend of 0.925 pence per share for the quarter ended March 31. Empiric said the companies have entered a due diligence period. Under UK takeover rules, Unite has until July 3 to make a firm offer for Empiric or walk away. Unite said the potential acquisition would offer the combined group scale and enhance its appeal to students, particularly in those coming back and in those in postgraduate courses. "The addition of Empiric's high quality, complementary portfolio would create a combined group with enhanced scale and growth aligned to the UK's strongest universities," it said. Unite also divested properties worth 212 million pounds earlier in the day. It has accommodation around universities including University of Liverpool and Birmingham City University, while Empiric has facilities for the University of Glasgow and University of Edinburgh among others.
Yahoo
6 days ago
- Business
- Yahoo
Form 8.3 - Unite Group plc.
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Full name of discloser: Jupiter Fund Management Plc (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of Offeror in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Unite Group plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held: For an opening position disclosure, state the latest practicable date prior to the disclosure 5th June 2025 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state 'N/A' YesEmpiric Student Property plc 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 25p ordinary Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: (2) Cash-settled derivatives: 638,177 0.13% (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 638,177 0.13% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors' and other employee options) Class of relevant security in relation to which subscription right exists: None Details, including nature of the rights concerned and relevant percentages: None 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit N/A (b) Cash-settled derivative transactions Class of relevant security Product descriptione.g. CFD Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit NONE (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Typee.g. American, European etc. Expiry date Option money paid/ received per unit NONE (ii) Exercise Class of relevant security Product descriptione.g. call option Exercising/ exercised against Number of securities Exercise price per unit NONE (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealinge.g. subscription, conversion Details Price per unit (if applicable) None 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' NONE (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state 'none' NONE (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NODate of disclosure: 6th June 2025 Contact name: Claire Rodway Telephone number: 0203 817 1441 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Form 8.3 - Empiric Student Property Plc
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Full name of discloser: Jupiter Fund Management Plc (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of Offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Empiric Student Property plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held: For an opening position disclosure, state the latest practicable date prior to the disclosure 5th June 2025 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state 'N/A' YesUnite Group plc 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 5p ordinary Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: 32,659,757 4.91% (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 32,659,757 4.91% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors' and other employee options) Class of relevant security in relation to which subscription right exists: None Details, including nature of the rights concerned and relevant percentages: None 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit N/A (b) Cash-settled derivative transactions Class of relevant security Product descriptione.g. CFD Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit NONE (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Typee.g. American, European etc. Expiry date Option money paid/ received per unit NONE (ii) Exercise Class of relevant security Product descriptione.g. call option Exercising/ exercised against Number of securities Exercise price per unit NONE (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealinge.g. subscription, conversion Details Price per unit (if applicable) None 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' NONE (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state 'none' NONE (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NODate of disclosure: 6th June 2025 Contact name: Claire Rodway Telephone number: 0203 817 1441 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at in to access your portfolio
Business Insider
31-05-2025
- Business
- Business Insider
Unite Group plc (UTG) Gets a Buy from Morgan Stanley
Morgan Stanley analyst Ana Escalante maintained a Buy rating on Unite Group plc (UTG – Research Report) today and set a price target of p1,125.00. The company's shares closed today at p861.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Escalante is ranked #7616 out of 9552 analysts. Unite Group plc has an analyst consensus of Moderate Buy, with a price target consensus of p1,029.67. UTG market cap is currently £4.1B and has a P/E ratio of 8.72.
