Empiric Student Property (LON:ESP) Sets New 12-Month Low – Here’s What Happened

Empiric Student Property Plc (LON:ESP)’s stock price reached a new 52-week low on Friday . The stock traded as low as GBX 82 ($1.03) and last traded at GBX 83.30 ($1.04), with a volume of 2296 shares trading hands. The stock had previously closed at GBX 82.50 ($1.03).

Empiric Student Property Trading Down 0.2 %

The company has a market cap of £501.49 million, a price-to-earnings ratio of 923.28, a PEG 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 business’s 50-day simple moving average is GBX 88.73 and its 200-day simple moving average is GBX 93.47.

Empiric Student Property Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Duncan Garrood purchased 25,316 shares of the stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of GBX 71 ($0.89) per share, for a total transaction of £17,974.36 ($22,524.26). Also, insider Donald Grant acquired 20,876 shares of Empiric Student Property stock in a transaction that occurred on Thursday, October 17th. The shares were purchased at an average cost of GBX 95 ($1.19) per share, for a total transaction of £19,832.20 ($24,852.38). 0.34% of the stock is currently owned by company 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.