Empiric Student Property (LON:ESP) Sets New 52-Week Low – Should You Sell?

Empiric Student Property Plc (LON:ESP) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 79.80 ($1.00) and last traded at GBX 79.80 ($1.00), with a volume of 1408104 shares traded. The stock had previously closed at GBX 83.80 ($1.05).

Empiric Student Property Stock Down 4.8 %

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 stock has a market cap of £481.60 million, a price-to-earnings ratio of 886.67, a PEG ratio of 2.03 and a beta of 1.05. The firm’s 50-day simple moving average is GBX 86.73 and its two-hundred day simple moving average is GBX 92.90.

Empiric Student Property Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued 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 is 4,444.44%.

Insider Activity at Empiric Student Property

In other news, insider Duncan Garrood bought 25,316 shares of the stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of GBX 71 ($0.89) per share, with a total value of £17,974.36 ($22,423.10). Also, insider Donald Grant purchased 20,876 shares of Empiric Student Property stock in a transaction dated Thursday, October 17th. The shares were purchased at an average cost of GBX 95 ($1.19) per share, for a total transaction of £19,832.20 ($24,740.77). 0.34% of the stock is currently owned by company 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.