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Unite Group Cancels Additional Shares as Buyback Programme Passes 2.4m Mark

Story Highlights
  • Unite Group repurchased 150,000 shares on 30 January 2026 for cancellation.
  • Total buybacks now exceed 2.4 million shares, reducing share count and supporting shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Unite Group Cancels Additional Shares as Buyback Programme Passes 2.4m Mark

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An announcement from Unite Group plc ( (GB:UTG) ) is now available.

Unite Group plc has continued to execute its previously announced share buyback programme, repurchasing 150,000 ordinary shares on 30 January 2026 at a volume-weighted average price of 571.3832p per share through Deutsche Bank’s London branch. The shares will be cancelled, reducing the company’s total shares in issue to 544,188,206, and bringing aggregate repurchases since the start of the buyback on 9 January 2026 to 2,403,061 shares for cancellation, a move that marginally enhances earnings per share and signals ongoing capital management aimed at returning value to shareholders.

The most recent analyst rating on (GB:UTG) stock is a Hold with a £629.00 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

Unite Group plc is a UK-based company listed on the London Stock Exchange that operates in the real estate and accommodation sector, best known for developing, owning and managing purpose-built student housing under the Unite Students brand, serving university cities and higher-education markets across the UK.

Average Trading Volume: 2,352,028

Technical Sentiment Signal: Sell

Current Market Cap: £3.08B

Learn more about UTG stock on TipRanks’ Stock Analysis page.

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