Empiric Student Property (LON:ESP) Stock Crosses Above 50-Day Moving Average – What’s Next?

Empiric Student Property Plc (LON:ESP) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 83.79 ($1.04) and traded as high as GBX 84 ($1.04). Empiric Student Property shares last traded at GBX 83.90 ($1.04), with a volume of 669,902 shares traded.

Empiric Student Property Price Performance

The stock has a 50 day moving average price of GBX 83.79 and a two-hundred day moving average price of GBX 91.41. The company has a debt-to-equity ratio of 53.27, a current ratio of 1.45 and a quick ratio of 1.06. The firm has a market capitalization of £506.34 million, a price-to-earnings ratio of 932.22, a PEG ratio of 2.03 and a beta of 1.05.

Empiric Student Property Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid 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 (DPR) is presently 4,444.44%.

Insider Activity

In related news, insider Duncan Garrood purchased 25,316 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were bought at an average price of GBX 71 ($0.88) per share, for a total transaction of £17,974.36 ($22,275.82). 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.