Palace Capital (LON:PCA) posted its earnings results on Tuesday, June 4th. The company reported GBX 17.30 ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 15.90 ($0.21) by GBX 1.40 ($0.02), Digital Look Earnings reports.
Shares of Palace Capital stock traded down GBX 6 ($0.08) during trading on Friday, reaching GBX 295 ($3.85). 7,834 shares of the company traded hands, compared to its average volume of 27,761. The company has a quick ratio of 1.77, a current ratio of 3.45 and a debt-to-equity ratio of 66.78. Palace Capital has a 1-year low of GBX 268 ($3.50) and a 1-year high of GBX 364 ($4.76). The company has a 50 day moving average price of GBX 286.66. The company has a market cap of $140.13 million and a price-to-earnings ratio of 26.11.
The business also recently announced a dividend, which will be paid on Saturday, July 13th. Investors of record on Thursday, June 13th will be given a dividend of GBX 4.75 ($0.06) per share. The ex-dividend date is Thursday, June 13th. This represents a dividend yield of 1.7%. Palace Capital’s payout ratio is presently 1.68%.
Separately, Numis Securities started coverage on shares of Palace Capital in a research report on Wednesday, June 5th. They issued a “buy” rating and a GBX 350 ($4.57) price target on the stock.
About Palace Capital
Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the United Kingdom.
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