Empiric Student Property (LON:ESP) Reaches New 1-Year Low – Here’s What Happened

Empiric Student Property Plc (LON:ESP) reached a new 52-week low on Wednesday . The company traded as low as GBX 79.80 ($0.97) and last traded at GBX 79.80 ($0.97), with a volume of 1408104 shares. The stock had previously closed at GBX 83.80 ($1.02).

Empiric Student Property Stock Down 1.1 %

The company has a market capitalization of £482.20 million, a price-to-earnings ratio of 887.78, a P/E/G ratio of 2.03 and a beta of 1.05. 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 firm’s fifty day moving average price is GBX 86.16 and its 200-day moving average price is GBX 92.71.

Empiric Student Property Announces Dividend

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

Insider Activity

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 cost of GBX 95 ($1.16) per share, with a total value of £19,832.20 ($24,215.14). Also, insider Duncan Garrood acquired 25,316 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of GBX 71 ($0.87) per share, for a total transaction of £17,974.36 ($21,946.72). 0.34% of the stock is currently 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.