Empiric Student Property (LON:ESP) Trading 1.7% Higher - Time to Buy?

Key Points

• Empiric Student Property's shares rose by 1.7% on Wednesday, closing at GBX 79 ($1.06), with trading volume significantly higher at over 6 million shares.
• The company reported a net margin of 65.69% and a return on equity of 7.23% in its most recent quarterly earnings.
• As a fully integrated real estate investment trust (REIT) focused on premium student accommodation, Empiric is well-positioned within the UK market, serving key universities.

Shares of Empiric Student Property Plc (LON:ESP - Get Free Report) traded up 1.7% on Wednesday . The company traded as high as GBX 81 ($1.08) and last traded at GBX 79 ($1.06). 6,126,945 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 3,029,831 shares. The stock had previously closed at GBX 77.70 ($1.04).

Empiric Student Property Stock Performance

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 stock has a 50 day simple moving average of GBX 88.91 and a two-hundred day simple moving average of GBX 93.18. The stock has a market capitalization of £524.70 million, a P/E ratio of 18.37, a P/E/G ratio of 2.03 and a beta of 1.05.

Empiric Student Property (LON:ESP - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported GBX 2.20 earnings per share for the quarter. Empiric Student Property had a return on equity of 7.23% and a net margin of 65.69%. On average, equities analysts forecast that Empiric Student Property Plc will post 5.330033 EPS for the current fiscal year.

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.

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