Empiric Student Property (LON:ESP) Shares Cross Above 50-Day Moving Average – Time to Sell?

Empiric Student Property Plc (LON:ESP) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 82.41 ($1.06) and traded as high as GBX 83.30 ($1.08). Empiric Student Property shares last traded at GBX 83 ($1.07), with a volume of 2,427,166 shares trading hands.

Empiric Student Property Trading Up 1.2 %

The company has a quick ratio of 1.06, a current ratio of 1.45 and a debt-to-equity ratio of 53.27. The stock’s 50 day moving average price is GBX 82.41 and its 200-day moving average price is GBX 88.12. The stock has a market capitalization of £549.80 million, a P/E ratio of 9.32, a P/E/G ratio of 2.03 and a beta of 1.05.

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

Empiric Student Property Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be paid a GBX 1.08 ($0.01) dividend. This represents a yield of 1.32%. This is an increase 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 44.92%.

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.