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

Shares of Empiric Student Property Plc (LON:ESP) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

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 company has a 50-day simple moving average of GBX 82.41 and a 200-day simple moving average of GBX 88.12. The stock has a market cap of £549.80 million, a PE ratio of 9.32, a PEG ratio of 2.03 and a beta of 1.05.

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

Empiric Student Property Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a dividend of GBX 1.08 ($0.01) per share. This is a positive change from Empiric Student Property’s previous dividend of $0.88. The ex-dividend date is Thursday, March 27th. This represents a dividend 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.