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

Empiric Student Property Plc (LON:ESP) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 84.44 ($1.04) and traded as low as GBX 80.50 ($0.99). Empiric Student Property shares last traded at GBX 81 ($1.00), with a volume of 1,127,660 shares trading hands.

Empiric Student Property Price Performance

The firm has a market capitalization of £492.46 million, a P/E ratio of 906.67, a P/E/G ratio of 2.03 and a beta of 1.05. The stock’s fifty day simple moving average is GBX 84.44 and its 200 day simple moving average is GBX 91.99. The company has a debt-to-equity ratio of 53.27, a current ratio of 1.45 and a quick ratio of 1.06.

Empiric Student Property Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid a dividend of GBX 0.88 ($0.01) per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a dividend yield of 0.96%. Empiric Student Property’s dividend payout ratio (DPR) is presently 4,444.44%.

Insider Buying and Selling at Empiric Student Property

In other Empiric Student Property news, insider Duncan Garrood purchased 25,316 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of GBX 71 ($0.88) per share, for a total transaction of £17,974.36 ($22,201.53). 0.34% of the stock is owned by insiders.

About Empiric Student Property

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.