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Unite Group Cancels 150,000 Shares as Buyback Programme Progresses

Story Highlights
  • Unite Group repurchased 150,000 shares on 3 February 2026 for cancellation.
  • Total shares in issue fall to about 543.9 million as buyback tops 2.7 million shares, enhancing capital returns to investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Unite Group Cancels 150,000 Shares as Buyback Programme Progresses

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The latest announcement is out from Unite Group plc ( (GB:UTG) ).

The Unite Group plc has continued to execute its previously announced share buyback programme, repurchasing 150,000 ordinary shares on 3 February 2026 at prices between 573p and 577p per share, with a volume-weighted average price of 575.3904p. These shares will be cancelled, reducing the company’s total shares in issue to 543,888,206, and bringing total repurchases under the current programme to 2,703,061 shares, a move that marginally enhances earnings per share and signals ongoing capital returns to shareholders while potentially affecting investors’ disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:UTG) stock is a Hold with a £607.00 price target. To see the full list of analyst forecasts on Unite Group plc stock, see the GB:UTG Stock Forecast page.

Spark’s Take on GB:UTG Stock

According to Spark, TipRanks’ AI Analyst, GB:UTG is a Outperform.

Unite Group plc’s overall stock score is driven by strong financial performance and positive corporate events, indicating confidence in its strategic direction. However, technical analysis suggests a bearish trend, which tempers the overall score. The attractive valuation with a low P/E ratio and high dividend yield provides a solid investment case, despite the current market momentum challenges.

To see Spark’s full report on GB:UTG stock, click here.

More about Unite Group plc

The Unite Group plc is a UK-based company whose shares trade on the London Stock Exchange; it operates within the real estate and investment sphere, with its equity held by a broad base of public-market investors who are subject to FCA disclosure and transparency rules when their holdings cross certain thresholds.

Average Trading Volume: 2,420,845

Technical Sentiment Signal: Sell

Current Market Cap: £3.13B

See more data about UTG stock on TipRanks’ Stock Analysis page.

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