Empiric Student Property (ESP)


FTSE 250

  • Change Today:
  • 52 Week High: 96.60p
  • 52 Week Low: 83.70p
  • Currency: UK Pounds
  • Shares Issued: 603.46m
  • Volume: 662,248
  • Market Cap: £570.27m
  • RiskGrade: 140

Berenberg upgrades Empiric Student Property to 'buy'

By Iain Gilbert

Date: Monday 07 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg upgraded real estate investment trust Empiric Student Property from 'hold' to 'buy' on Monday, stating the stock was "geared to the re-opening".
Berenberg said although Empiric's full-year 2021 results were "heavily affected| by the Covid-19 pandemic, with strong application data and continued demand for higher education, it now expects to see a return to normal operations in autumn 2022.

Ahead of this normalisation, Berenberg noted that Empiric management had continued to lay the groundwork for success, with portfolio optimisation continuing as the firm's refurbishment, recycling activity and small-scale development continued, while all of its operations were internalised - mitigating cost and increasing agility.

"We continue to think that the wholesale return of international students, which are Empiric's primary pre-pandemic occupier, this autumn is likely to result in an uptick in both occupancy and organic growth rates, resulting in a forecast EPS CAGR of 36.6% to FY 2024E," said the German bank.

"With a step-change in performance forecast and the shares trading at a 15% discount to our unchanged 100.0p price target, we upgrade our rating to a 'buy' from 'hold'."

Email this article to a friend

or share it with one of these popular networks:

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 94.50p
Change Today 0.20p
% Change 0.21 %
52 Week High 96.60p
52 Week Low 83.70p
Volume 662,248
Shares Issued 603.46m
Market Cap £570.27m
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 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
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 4th Interim
Ex-Div 13-Jun-24 04-Apr-24
Paid 28-Jun-24 19-Apr-24
Amount 0.88p 0.94p

Trades for 18-Jul-2024

Time Volume / Share Price
16:40 12,656 @ 94.50p
16:38 59,640 @ 94.50p
16:36 873 @ 94.50p
16:35 302,432 @ 94.50p
16:35 1,558 @ 94.50p

ESP Key Personnel

CEO Duncan Garrood

Top of Page