Picton Property Income (LON:PCTN) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Picton Property Income Limited (LON:PCTN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.78 ($0.91) and traded as low as GBX 66.20 ($0.85). Picton Property Income shares last traded at GBX 66.70 ($0.86), with a volume of 1,078,903 shares changing hands.

Picton Property Income Trading Down 0.6 %

The company has a debt-to-equity ratio of 43.63, a current ratio of 3.74 and a quick ratio of 2.25. The stock has a market capitalization of £361.97 million, a P/E ratio of -6,670.00 and a beta of 0.42. The stock’s fifty day moving average price is GBX 72.67 and its 200 day moving average price is GBX 70.78.

Picton Property Income Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 7th will be issued a dividend of GBX 0.93 ($0.01) per share. This represents a yield of 1.3%. The ex-dividend date is Thursday, November 7th. Picton Property Income’s payout ratio is -40,000.00%.

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.