Empiric Student Property (LON:ESP) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Empiric Student Property Plc (LON:ESP) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 84.44 ($1.05) and traded as low as GBX 80.50 ($1.01). Empiric Student Property shares last traded at GBX 81 ($1.01), with a volume of 1,127,660 shares trading hands.

Empiric Student Property Price Performance

The company has a debt-to-equity ratio of 53.27, a current ratio of 1.45 and a quick ratio of 1.06. The business has a fifty day moving average of GBX 84.13 and a 200 day moving average of GBX 91.81. The stock has a market cap of £491.26 million, a PE ratio of 904.44, a P/E/G ratio of 2.03 and a beta of 1.05.

Empiric Student Property Announces Dividend

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

Insider Activity at Empiric Student Property

In other news, insider Duncan Garrood bought 25,316 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of GBX 71 ($0.89) per share, with a total value of £17,974.36 ($22,442.70). Company insiders own 0.34% of the company’s stock.

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.