Empiric Student Property (LON:ESP) Stock Crosses Below 50 Day Moving Average - Here's What Happened

Empiric Student Property Plc (LON:ESP - Get Free Report)'s share price 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 Stock Performance

The firm has a fifty day simple moving average of GBX 87.18 and a 200 day simple moving average of GBX 93.03. 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 company has a market cap of £509.36 million, a price-to-earnings ratio of 937.78, a P/E/G ratio of 2.03 and a beta of 1.05.

Empiric Student Property Announces Dividend

The company also recently announced 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. 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%.

Insiders Place Their Bets

In other Empiric Student Property news, insider Donald Grant purchased 20,876 shares of the business's stock in a transaction dated Thursday, October 17th. The stock was bought at an average cost of GBX 95 ($1.18) per share, for a total transaction of £19,832.20 ($24,636.27). Also, insider Duncan Garrood acquired 25,316 shares of Empiric Student Property stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of GBX 71 ($0.88) per share, with a total value of £17,974.36 ($22,328.40). 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.