abrdn Property Income Trust (LON:API) Shares Pass Above 200-Day Moving Average of $52.97

abrdn Property Income Trust Limited (LON:API)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 52.97 ($0.70) and traded as high as GBX 59.70 ($0.79). abrdn Property Income Trust shares last traded at GBX 57.90 ($0.76), with a volume of 389,026 shares changing hands.

abrdn Property Income Trust Trading Down 0.2 %

The company has a current ratio of 3.47, a quick ratio of 0.16 and a debt-to-equity ratio of 47.99. The stock has a market capitalization of £220.35 million, a price-to-earnings ratio of -2,890.00 and a beta of 0.33. The business has a 50 day simple moving average of GBX 55.26 and a 200-day simple moving average of GBX 53.

abrdn Property Income Trust Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given 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 is presently -20,000.00%.

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.