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

Key Points

• Empiric Student Property Plc shares fell by 6.8%, trading as low as GBX 83.70 during mid-day on Wednesday, reflecting a drop from a previous close of GBX 90.
• The company has a market capitalization of £557.25 million and an exceptionally high P/E ratio of 1,951.16, indicating potential concerns about its valuation.
• Analysts project that Empiric will achieve earnings per share of 5.33 for the current fiscal year, following an EPS report of GBX 2.20 in its last earnings results.

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

Empiric Student Property Price Performance

The company has a market capitalization of £557.25 million, a PE ratio of 1,951.16, a P/E/G ratio of 2.03 and a beta of 1.05. The company has a current ratio of 1.45, a quick ratio of 1.06 and a debt-to-equity ratio of 53.27. The stock has a fifty day simple moving average of GBX 92.09 and a 200-day simple moving average of GBX 93.46.

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