Empiric Student Property (LON:ESP) Trading Down 6.8% - Here's What Happened

Key Points

• Empiric Student Property (LON:ESP) experienced a stock price decline of 6.8%, trading as low as GBX 83.70 ($1.12) during mid-day on Thursday.
• The company reported GBX 2.20 earnings per share (EPS) for the latest quarter and anticipates posting 5.33 EPS for the current fiscal year.
• Empiric is structured as an internally managed real estate investment trust (REIT), focusing on premium student accommodation for key UK universities.

Empiric Student Property Plc (LON:ESP - Get Free Report)'s stock price dropped 6.8% during mid-day trading on Thursday . The stock traded as low as GBX 83.70 ($1.12) and last traded at GBX 83.90 ($1.12). Approximately 2,689,699 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 2,981,547 shares. The stock had previously closed at GBX 90 ($1.21).

Empiric Student Property Price Performance

The company's 50-day simple moving average is GBX 92.09 and its 200-day simple moving average is GBX 93.46. The company has a debt-to-equity ratio of 53.27, a current ratio of 1.45 and a quick ratio of 1.06. The stock has a market capitalization of £554.59 million, a price-to-earnings ratio of 1,941.86, a P/E/G ratio of 2.03 and a beta of 1.05.

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

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.

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