Empiric Student Property (LON:ESP) Posts Quarterly Earnings Results

Key Points

• Empiric Student Property reported a quarterly earnings per share (EPS) of GBX 2.20 ($0.03) and achieved a return on equity of 7.23%.
• The company's stock price decreased by GBX 1.60 ($0.02) during trading, closing at GBX 92 ($1.25) with a trading volume significantly higher than its average.
• Empiric Student Property is a real estate investment trust (REIT) focused on providing premium student accommodation in the UK and is listed on the London Stock Exchange since June 2014.

Empiric Student Property (LON:ESP - Get Free Report) announced its quarterly earnings results on Thursday. The company reported GBX 2.20 earnings per share for the quarter, Digital Look Earnings reports. Empiric Student Property had a return on equity of 7.23% and a net margin of 65.69%.

Empiric Student Property Price Performance

Shares of LON:ESP traded up GBX 1.20 during trading on Tuesday, reaching GBX 92.10. 2,422,967 shares of the company's stock traded hands, compared to its average volume of 2,354,759. Empiric Student Property has a fifty-two week low of GBX 78.10 and a fifty-two week high of GBX 106.40. 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 firm has a market cap of £610.08 million, a PE ratio of 10.34, a P/E/G ratio of 2.03 and a beta of 1.05. The company has a 50-day simple moving average of GBX 99.06 and a 200-day simple moving average of GBX 91.43.

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. 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.