Insider Selling: abrdn Property Income Trust Limited (LON:API) Insider Sells 128,592 Shares of Stock

abrdn Property Income Trust Limited (LON:API) insider Jill May sold 128,592 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.80), for a total value of £78,441.12 ($102,430.30).

abrdn Property Income Trust Price Performance

API opened at GBX 61 ($0.80) on Wednesday. The stock has a fifty day simple moving average of GBX 57.53 and a two-hundred day simple moving average of GBX 53.76. 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 company has a market cap of £232.54 million, a price-to-earnings ratio of -3,050.00 and a beta of 0.33. abrdn Property Income Trust Limited has a 12-month low of GBX 44.94 ($0.59) and a 12-month high of GBX 63 ($0.82).

abrdn Property Income Trust Announces Dividend

The business also recently declared a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 1.85%. abrdn Property Income Trust’s 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.