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

Empiric Student Property Plc (LON:ESP) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 84.44 ($1.04) and traded as low as GBX 80.50 ($0.99). Empiric Student Property shares last traded at GBX 81 ($1.00), with a volume of 1,127,660 shares traded.

Empiric Student Property Stock Performance

The firm’s 50 day simple moving average is GBX 84.44 and its 200 day simple moving average is GBX 91.99. The firm has a market capitalization of £492.46 million, a price-to-earnings ratio of 906.67, a PEG ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 53.27, a quick ratio of 1.06 and a current ratio of 1.45.

Empiric Student Property Announces Dividend

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

Insider Buying and Selling at Empiric Student Property

In related news, insider Duncan Garrood acquired 25,316 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of GBX 71 ($0.88) per share, with a total value of £17,974.36 ($22,201.53). 0.34% of the stock is owned by corporate insiders.

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.