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

Empiric Student Property Plc (LON:ESP) 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.

Empiric Student Property Trading Down 1.0 %

The business’s 50 day moving average price is GBX 85.34 and its 200-day moving average price is GBX 92.35. The company has a current ratio of 1.45, a quick ratio of 1.06 and a debt-to-equity ratio of 53.27. The company has a market cap of £497.56 million, a price-to-earnings ratio of 916.06, a PEG ratio of 2.03 and a beta of 1.05.

Empiric Student Property Announces Dividend

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

Insider Transactions at Empiric Student Property

In other Empiric Student Property news, insider Duncan Garrood acquired 25,316 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of GBX 71 ($0.87) per share, with a total value of £17,974.36 ($22,000.44). 0.34% of the stock is currently owned by corporate insiders.

Empiric Student Property Company Profile

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.