Empiric Student Property (LON:ESP) Share Price Crosses Above 50 Day Moving Average of $88.81

Empiric Student Property plc (LON:ESPGet Rating)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 88.81 ($1.09) and traded as high as GBX 91.90 ($1.13). Empiric Student Property shares last traded at GBX 91.40 ($1.12), with a volume of 684,177 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada downgraded Empiric Student Property to a “sector perform” rating and cut their price objective for the company from GBX 105 ($1.29) to GBX 85 ($1.04) in a research report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Empiric Student Property currently has an average rating of “Moderate Buy” and an average target price of GBX 105 ($1.29).

Empiric Student Property Price Performance

The stock has a fifty day moving average price of GBX 88.81 and a 200-day moving average price of GBX 88.85. The company has a market cap of £546.07 million and a PE ratio of 1,828.00. The company has a debt-to-equity ratio of 57.45, a current ratio of 0.75 and a quick ratio of 0.44.

Empiric Student Property Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, June 24th. Stockholders of record on Wednesday, June 1st were issued a GBX 0.63 ($0.01) dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a dividend yield of 0.69%. Empiric Student Property’s payout ratio is currently 50.00%.

Empiric Student Property Company Profile

(Get Rating)

Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation located in high-demand university towns and cities across the UK. 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.

Read More

Want More Great Investing Ideas?

Receive News & Ratings for Empiric Student Property Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empiric Student Property and related companies with MarketBeat.com's FREE daily email newsletter.