Empiric Student Property (LON:ESP) Stock Price Passes Below 50-Day Moving Average of $92.31

Shares of Empiric Student Property Plc (LON:ESP) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 92.31 ($1.17) and traded as low as GBX 91.90 ($1.17). Empiric Student Property shares last traded at GBX 91.90 ($1.17), with a volume of 786,814 shares changing hands.

Empiric Student Property Stock Performance

The company has a current ratio of 0.61, a quick ratio of 1.06 and a debt-to-equity ratio of 48.73. The company has a market cap of £557.99 million, a P/E ratio of 1,021.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. The company’s fifty day moving average is GBX 92.31 and its 200 day moving average is GBX 92.74.

Empiric Student Property Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be issued a GBX 0.88 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 0.95%. Empiric Student Property’s dividend payout ratio (DPR) is 4,444.44%.

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.