Empiric Student Property (LON:ESP) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Empiric Student Property Plc (LON:ESP)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 85.34 ($1.04) and traded as low as GBX 82.10 ($1.00). Empiric Student Property shares last traded at GBX 83.30 ($1.02), with a volume of 539,066 shares trading hands.

Empiric Student Property Trading Down 1.0 %

The firm has a market cap of £497.56 million, a P/E ratio of 916.06, a P/E/G ratio of 2.03 and a beta of 1.05. The business’s 50-day moving average is GBX 85.34 and its two-hundred day moving average is GBX 92.35. The company has a debt-to-equity ratio of 53.27, a current ratio of 1.45 and a quick ratio of 1.06.

Empiric Student Property Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were given a GBX 0.88 ($0.01) dividend. This represents a yield of 0.96%. The ex-dividend date was Thursday, November 21st. Empiric Student Property’s dividend payout ratio (DPR) is currently 4,444.44%.

Insider Activity

In other news, insider Duncan Garrood acquired 25,316 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of GBX 71 ($0.87) per share, with a total value of £17,974.36 ($22,000.44). Insiders own 0.34% of the company’s stock.

About Empiric Student Property

Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation serving key UK universities.
Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student® operating platform, that is attractive to affluent growing student segments.
The Company, an internally managed real estate investment trust (“REIT”) incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.