Empiric Student Property (ESP)

  • Change Today:
  • 52 Week High: 101.60
  • 52 Week Low: 80.80
  • Currency: UK Pounds
  • Shares Issued: 603.20m
  • Volume: 389,530
  • Market Cap: £519.36m
  • RiskGrade: 140

Berenberg upgrades Empiric Student Property to 'buy'

By Iain Gilbert

Date: Thursday 01 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg upgraded real estate investment trust Empiric Student Property from 'hold' to 'buy' on Thursday, stating the group was "geared into the operational recovery".
Berenberg said as the purpose-built student accommodation sector recovers from the Covid-19 pandemic, Empiric remains "the most highly geared way" to play the operational recovery.

"The clouded history of Empiric as a listed company has highlighted failings in both portfolio composition and operational structure, which are only now beginning to be resolved. As the market normalises following the pandemic, Empiric with higher operational gearing and a higher weighting toward international students remains well-placed to outperform," said Berenberg.

The German bank stated that said gearing, both operational and financial, was the primary reason why the company had been "hit the hardest" over the past 12 months. However, with strong demand tailwinds and management's commitment to portfolio improvement, Berenberg said the balance of risk/reward had now shifted.

"For those willing to accept this gearing and some execution risk, we forecast significant upside for the stock," said Berenberg, which also raised its target price on the stock from 70.0p to 100.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.


ESP Market Data

Currency UK Pounds
Share Price 86.10p
Change Today 0.100p
% Change 0.12 %
52 Week High 101.60
52 Week Low 80.80
Volume 389,530
Shares Issued 603.20m
Market Cap £519.36m
RiskGrade 140

ESP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ESP Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 01-Jun-22 03-Mar-22
Paid 24-Jun-22 25-Mar-22
Amount 0.62p 0.62p

Trades for 01-Jul-2022

Time Volume / Share Price
16:45 19,262 @ 86.10p
16:45 19,262 @ 86.10p
16:35 137,945 @ 86.10p
16:29 739 @ 86.10p
16:29 171 @ 86.10p

ESP Key Personnel

CEO Duncan Garrood

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