According to an update released by analysts at numis the broker has now set a ‘Hold’ rating on shares of Empiric Student Property (LON:ESP) with a price target of 120.
numis on Wednesday reiterated Empiric Student Property’s analyst rating as ‘Hold’ with its price target of 120 highlighting a potential increase of 3.45% from Empiric Student Property’s current price of 116.
Over the last twelve months Empiric Student Property’s stock price has increased from 0.98 to 116, a change of 11736.73%.
Empiric Student Property has 501,279,000 shares in issue which have a share price of 116 giving Empiric Student Property a market capitalisation of 581.48M GBp.
The company has a 50 day moving average of 4.2 and a 200 day moving average of 4.16. The 52 week high shares of Empiric Student Property have reached is 119.25 whilst the 52 week low for the company’s shares is 99.
Empiric Student Property plc is an internally managed real estate investment trust (REIT). The Company is engaged in investing in the purpose-built student accommodation in central locations in the university cities and towns in the United Kingdom. The Company is engaged in the acquisition, development and management of student accommodation assets in the United Kingdom. It owns or contracts approximately 70 assets (over 7,400 beds) in approximately 30 cities and towns. The Company has over 10 development assets (approximately 1,730 beds). The Company has an operating and marketing platform, Hello Student. Its investment portfolio includes operational assets, which are the properties that the Company lets, and development assets, which are the properties being built under forward funded agreements with developers. Its investment portfolio includes Centro Court, Brook Apartments and Edge Apartments. Its development portfolio includes James House, Windsor House and Claremont House.