Empiric Student Property (LON:ESP) Shares Down 6.8% – What’s Next?

Empiric Student Property Plc (LON:ESP)’s stock price traded down 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). 2,689,699 shares traded hands during trading, a decline of 10% from the average session volume of 2,981,547 shares. The stock had previously closed at GBX 90 ($1.20).

Empiric Student Property Stock Performance

The firm has a fifty day simple moving average of GBX 91.54 and a 200-day simple moving average of GBX 93.46. 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 market cap of £546.62 million, a price-to-earnings ratio of 1,913.95, a P/E/G ratio of 2.03 and a beta of 1.05.

Empiric Student Property (LON:ESP) 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%. Analysts forecast that Empiric Student Property Plc will post 5.330033 EPS 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.