Shares of Picton Property Income Limited (LON:PCTN – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 65.57 ($0.83) and traded as high as GBX 68.02 ($0.86). Picton Property Income shares last traded at GBX 67 ($0.85), with a volume of 606,652 shares traded.
Picton Property Income Stock Performance
The firm has a 50 day moving average of GBX 64.98 and a two-hundred day moving average of GBX 65.57. The stock has a market cap of £365.30 million, a PE ratio of -446.67 and a beta of 0.41. The company has a debt-to-equity ratio of 42.44, a current ratio of 2.19 and a quick ratio of 2.25.
Picton Property Income Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be issued a GBX 0.93 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a dividend yield of 1.4%. This is a positive change from Picton Property Income’s previous dividend of $0.88. Picton Property Income’s payout ratio is presently -2,666.67%.
Picton Property Income Company Profile
Picton, established in 2005, is a UK REIT. It owns and actively manages a £757 million diversified UK commercial property portfolio, invested across 49 assets and with around 400 occupiers (as at 30 September 2023). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.
Further Reading
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