Empiric Student Property Plc (LON:ESP) Increases Dividend to GBX 1.08 Per Share

Empiric Student Property Plc (LON:ESP) announced a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 1.08 ($0.01) per share on Friday, April 11th. This represents a yield of 1.32%. The ex-dividend date of this dividend 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 accessed at this link.

Empiric Student Property Price Performance

LON ESP opened at GBX 83.45 ($1.08) on Tuesday. The company has a 50-day moving average price of GBX 82.46 and a two-hundred day moving average price of GBX 87.96. The stock has a market cap of £552.79 million, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a current ratio of 1.45, a quick ratio of 1.06 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 posted its earnings results on Friday, March 14th. The company reported GBX 4 ($0.05) EPS for the quarter. Empiric Student Property had a return on equity of 7.23% and a net margin of 65.69%. Analysts forecast that Empiric Student Property will post 5.330033 EPS for the current year.

About Empiric Student Property

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.