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Empiric Student Property (LON:ESP) Stock Passes Below Fifty Day Moving Average - Here's Why

Empiric Student Property logo with Real Estate background

Empiric Student Property Plc (LON:ESP - Get Free Report)'s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 97.50 ($1.27) and traded as low as GBX 93.70 ($1.22). Empiric Student Property shares last traded at GBX 94.40 ($1.23), with a volume of 1,863,060 shares traded.

Empiric Student Property Stock Up 1.5 %

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 firm's 50-day moving average is GBX 97.48 and its 200 day moving average is GBX 94.53. The firm has a market capitalization of £578.16 million, a PE ratio of 1,061.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05.

Empiric Student Property Announces Dividend

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

Insider Buying and Selling

In related news, insider Donald Grant purchased 20,876 shares of the firm's stock in a transaction on Thursday, October 17th. The stock was purchased at an average price of GBX 95 ($1.24) per share, for a total transaction of £19,832.20 ($25,897.36). Corporate insiders own 0.34% of the company's stock.

About Empiric Student Property

(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.

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