abrdn Property Income Trust (LON:API) Stock Crosses Above 200 Day Moving Average – What’s Next?

abrdn Property Income Trust Limited (LON:API)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 54.75 ($0.71) and traded as high as GBX 61.30 ($0.79). abrdn Property Income Trust shares last traded at GBX 60.90 ($0.79), with a volume of 537,738 shares.

abrdn Property Income Trust Stock Down 0.2 %

The company’s fifty day moving average price is GBX 58.96 and its 200-day moving average price is GBX 54.75. The stock has a market cap of £232.16 million, a P/E ratio of -3,045.00 and a beta of 0.33. The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.16 and a current ratio of 3.47.

abrdn Property Income Trust Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 1.85%. abrdn Property Income Trust’s dividend payout ratio (DPR) is presently -20,000.00%.

Insider Transactions at abrdn Property Income Trust

In related news, insider Jill May sold 128,592 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.79), for a total value of £78,441.12 ($101,726.26). Company insiders own 3.21% of the company’s stock.

abrdn Property Income Trust Company Profile

The objective of abrdn Property Income Trust Limited is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK commercial properties in the industrial, office, retail and other' sectors, where other' includes leisure, data centres, student housing, hotels (and apart-hotels) and healthcare.