Picton Property Income (LON:PCTN) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Picton Property Income Limited (LON:PCTNGet Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 69.98 ($0.86) and traded as low as GBX 60 ($0.74). Picton Property Income shares last traded at GBX 61 ($0.75), with a volume of 2,195,978 shares trading hands.

Picton Property Income Stock Performance

The firm’s fifty day moving average is GBX 65 and its 200 day moving average is GBX 69.98. The company has a current ratio of 3.74, a quick ratio of 2.25 and a debt-to-equity ratio of 43.63. The company has a market cap of £333.04 million, a PE ratio of -6,100.00 and a beta of 0.42.

Picton Property Income (LON:PCTNGet Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported GBX 2.10 ($0.03) earnings per share (EPS) for the quarter. Picton Property Income had a negative return on equity of 0.89% and a negative net margin of 8.76%. As a group, research analysts predict that Picton Property Income Limited will post 4.2620137 EPS for the current fiscal year.

Picton Property Income Dividend Announcement

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

Picton Property Income Company Profile

(Get Free Report)

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.

Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024).

Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.

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