Empiric Student Property Plc (LON:ESP) to Issue Dividend Increase – GBX 1.08 Per Share

Empiric Student Property Plc (LON:ESP) announced a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 27th will be given a dividend of GBX 1.08 ($0.01) per share on Friday, April 11th. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, March 27th. This is a 22.9% increase from Empiric Student Property’s previous dividend of $0.88. The official announcement can be viewed at this link.

Empiric Student Property Stock Performance

Shares of LON ESP opened at GBX 83.45 ($1.08) on Tuesday. The stock’s fifty day simple moving average is GBX 82.46 and its 200 day simple moving average is GBX 87.96. The stock has a market capitalization of £552.79 million, a price-to-earnings ratio of 9.37, a PEG ratio of 2.03 and a beta of 1.05. The company has a quick ratio of 1.06, a current ratio of 1.45 and a debt-to-equity ratio of 53.27. Empiric Student Property has a 52-week low of GBX 78.10 ($1.01) and a 52-week high of GBX 100 ($1.29).

Empiric Student Property (LON:ESP) last issued its quarterly earnings results on Friday, March 14th. The company reported GBX 4 ($0.05) earnings per share for the quarter. Empiric Student Property had a return on equity of 7.23% and a net margin of 65.69%. As a group, sell-side analysts forecast that Empiric Student Property will post 5.330033 earnings per share for the current fiscal year.

Empiric Student Property Company Profile

Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation serving key UK universities.
Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student® operating platform, that is attractive to affluent growing student segments.
The Company, an internally managed real estate investment trust (“REIT”) incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.