Empiric Student Property (LON:ESP) Shares Pass Below 50-Day Moving Average - Here's Why

Empiric Student Property Plc (LON:ESP - Get Free Report)'s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 96.78 ($1.26) and traded as low as GBX 91.30 ($1.19). Empiric Student Property shares last traded at GBX 91.40 ($1.19), with a volume of 792,425 shares.

Empiric Student Property Stock Performance

The firm has a market capitalization of £538.93 million, a PE ratio of 992.22, a price-to-earnings-growth 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 business's 50 day simple moving average is GBX 96.69 and its two-hundred day simple moving average is GBX 94.80.

Empiric Student Property Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, September 5th were paid a dividend of GBX 0.88 ($0.01) per share. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 0.89%. Empiric Student Property's dividend payout ratio (DPR) is presently 4,444.44%.

Insiders Place Their Bets

In other news, 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 cost of GBX 95 ($1.24) per share, for a total transaction of £19,832.20 ($25,816.45). 0.34% of the stock is owned by company insiders.

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.