Empiric Student Property (LON:ESP) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Empiric Student Property Plc (LON:ESP) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 83.13 ($1.10) and traded as high as GBX 90.60 ($1.20). Empiric Student Property shares last traded at GBX 90.20 ($1.20), with a volume of 4,698,840 shares trading hands.

Empiric Student Property Trading Up 1.0 %

The stock has a market capitalization of £597.49 million, a P/E ratio of 10.13, a PEG ratio of 2.03 and a beta of 1.05. The stock’s fifty day moving average price is GBX 83.13 and its 200 day moving average price is GBX 86.22. 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 (LON:ESP) last issued its earnings results on Friday, March 14th. The company reported GBX 4 ($0.05) EPS for the quarter. Empiric Student Property had a net margin of 65.69% and a return on equity of 7.23%. Research analysts forecast 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 was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were given a dividend of GBX 1.08 ($0.01) per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from Empiric Student Property’s previous dividend of $0.88. This represents a yield of 1.32%. Empiric Student Property’s payout ratio 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.