PENGARUH DER, ROA, DAN DPR TERHADAP HARGA SAHAM PERUSAHAAN REAL ESTATE YANG TERDAFTAR DI BEI

Abstract

This research aims to determine the impact of capital structure, profitability, and dividend policy on the stock price at Real Estate companies listed on the Indonesia Stock Exchange (IDX) during 2019 - 2023. The dependent variables were divided into capital structure referred to Debt to Equity Ratio (DER), profitability referred to Return On Assets (ROA), and dividend policy referred to Dividend Payout Ratio (DPR). Furthermore, the dependent variable referred to stock price. The data analysis technique used multiple linear regression to identify the independent and dependent variables which consisted of 84 Real Estate companies. Furthermore, data collection technique used saturated sampling, with 9 data samples taken. The result indicates that capital structure has a negative and significant effect on the stock price. Similarly, profitability has a negative and significant. However, dividend policy has a positive and significant effect on the stock price.