Empiric Student Property (LON:ESP) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Empiric Student Property Plc (LON:ESP) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 87.18 ($1.08) and traded as low as GBX 83.60 ($1.04). Empiric Student Property shares last traded at GBX 84.40 ($1.05), with a volume of 477,958 shares traded.

Empiric Student Property Trading Up 0.1 %

The company has a debt-to-equity ratio of 53.27, a quick ratio of 1.06 and a current ratio of 1.45. The firm has a market cap of £509.36 million, a PE ratio of 937.78, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The stock has a 50-day simple moving average of GBX 87.18 and a two-hundred day simple moving average of GBX 93.03.

Empiric Student Property Announces Dividend

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

Insider Buying and Selling at Empiric Student Property

In other Empiric Student Property news, insider Duncan Garrood purchased 25,316 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of GBX 71 ($0.88) per share, with a total value of £17,974.36 ($22,328.40). Also, insider Donald Grant purchased 20,876 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was acquired at an average price of GBX 95 ($1.18) per share, with a total value of £19,832.20 ($24,636.27). Company insiders own 0.34% of the company’s stock.

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.