Empiric Student Property (LON:ESP) Hits New 52-Week Low – Time to Sell?

Shares of Empiric Student Property Plc (LON:ESP) reached a new 52-week low on Monday . The company traded as low as GBX 87.10 ($1.10) and last traded at GBX 87.25 ($1.10), with a volume of 241431 shares. The stock had previously closed at GBX 89 ($1.12).

Empiric Student Property Trading Down 1.9 %

The business has a 50-day moving average price of GBX 95.66 and a two-hundred day moving average price of GBX 94.76. The company has a market cap of £526.74 million, a P/E ratio of 988.89, a P/E/G ratio of 2.03 and a beta of 1.05. 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 firm also recently announced a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 0.88 ($0.01) per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 0.96%. Empiric Student Property’s payout ratio is presently 4,444.44%.

Insider Activity

In related news, insider Duncan Garrood purchased 25,316 shares of Empiric Student Property stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of GBX 71 ($0.89) per share, for a total transaction of £17,974.36 ($22,652.00). Also, insider Donald Grant acquired 20,876 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were bought at an average cost of GBX 95 ($1.20) per share, with a total value of £19,832.20 ($24,993.32). Insiders own 0.34% of the company’s stock.

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.