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Empiric Student Property (LON:ESP) Stock Price Passes Above 50 Day Moving Average - What's Next?

Empiric Student Property logo with Real Estate background
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Empiric Student Property Plc (LON:ESP - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 82.77 ($1.07) and traded as high as GBX 86 ($1.11). Empiric Student Property shares last traded at GBX 85.60 ($1.10), with a volume of 6,310,119 shares.

Empiric Student Property Stock Down 4.1 %

The stock has a market cap of £546.49 million, a P/E ratio of 9.27, a P/E/G ratio of 2.03 and a beta of 1.05. 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 firm's fifty day moving average is GBX 82.99 and its 200 day moving average is GBX 87.14.

Empiric Student Property (LON:ESP - Get Free Report) last released its earnings results on Friday, March 14th. The company reported GBX 4 ($0.05) earnings per share (EPS) for the quarter. Empiric Student Property had a return on equity of 7.23% and a net margin of 65.69%. As a group, equities research analysts forecast that Empiric Student Property Plc will post 5.330033 EPS for the current year.

Empiric Student Property Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be given a GBX 1.08 ($0.01) dividend. This represents a yield of 1.32%. This is a positive change from Empiric Student Property's previous dividend of $0.88. The ex-dividend date is Thursday, March 27th. Empiric Student Property's dividend payout ratio (DPR) is currently 44.92%.

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Empiric Student Property Company Profile

(Get Free Report)

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.

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