Empiric Student Property (LON:ESP) Trading Down 0.7% – Here’s What Happened

Empiric Student Property Plc (LON:ESP) shares were down 0.7% during mid-day trading on Friday . The company traded as low as GBX 84.50 ($1.07) and last traded at GBX 84.70 ($1.07). Approximately 513,430 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 1,361,300 shares. The stock had previously closed at GBX 85.30 ($1.08).

Empiric Student Property Stock Performance

The firm has a fifty day moving average price of GBX 91.04 and a 200 day moving average price of GBX 93.88. The company has a current ratio of 1.45, a quick ratio of 1.06 and a debt-to-equity ratio of 53.27. The firm has a market cap of £511.17 million, a PE ratio of 941.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05.

Empiric Student Property Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid 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%.

Insider Buying and Selling at Empiric Student Property

In other Empiric Student Property news, insider Donald Grant bought 20,876 shares of Empiric Student Property stock in a transaction on Thursday, October 17th. The shares were bought at an average price of GBX 95 ($1.20) per share, for a total transaction of £19,832.20 ($25,031.18). Also, insider Duncan Garrood purchased 25,316 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of GBX 71 ($0.90) per share, for a total transaction of £17,974.36 ($22,686.31). 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.