Empiric Student Property (LON:ESP) Reaches New 52-Week Low – Here’s What Happened

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

Empiric Student Property Price Performance

The company has a market cap of £482.20 million, a price-to-earnings ratio of 887.78, a PEG ratio of 2.03 and a beta of 1.05. The company’s fifty day moving average price is GBX 86.16 and its two-hundred day moving average price is GBX 92.71. The company has a quick ratio of 1.06, a current ratio of 1.45 and a debt-to-equity ratio of 53.27.

Empiric Student Property Announces Dividend

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

Insider Activity at Empiric Student Property

In other Empiric Student Property news, insider Duncan Garrood acquired 25,316 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of GBX 71 ($0.87) per share, for a total transaction of £17,974.36 ($21,946.72). Also, insider Donald Grant bought 20,876 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were acquired at an average cost of GBX 95 ($1.16) per share, for a total transaction of £19,832.20 ($24,215.14). 0.34% of the stock is owned by insiders.

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.