Empiric Student Property (LON:ESP) Reaches New 52-Week High - What's Next?

Shares of Empiric Student Property Plc (LON:ESP - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 106.40 ($1.44) and last traded at GBX 105.20 ($1.42), with a volume of 2291635 shares changing hands. The stock had previously closed at GBX 97.30 ($1.32).

Empiric Student Property Price Performance

The firm has a 50-day moving average of GBX 90.17 and a two-hundred day moving average of GBX 85.77. The company has a quick ratio of 1.06, a current ratio of 1.45 and a debt-to-equity ratio of 53.27. The company has a market capitalization of £683.61 million, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05.

Empiric Student Property (LON:ESP - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported GBX 4 ($0.05) EPS for the quarter. Empiric Student Property had a return on equity of 7.23% and a net margin of 65.69%. Equities research analysts predict that Empiric Student Property Plc will post 5.330033 earnings per share for the current fiscal year.

Empiric Student Property Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 27th were paid a dividend of GBX 1.08 ($0.01) per share. This represents a yield of 1.32%. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from Empiric Student Property's previous dividend of $0.88. Empiric Student Property's dividend payout ratio (DPR) is 44.92%.

Empiric Student Property Company Profile

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. The Company, an internally managed real estate investment trust ("REIT") incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.