Picton Property Income (LON:PCTN) Shares Cross Above 200-Day Moving Average of $65.53

Picton Property Income Limited (LON:PCTNGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 65.53 ($0.82) and traded as high as GBX 69.80 ($0.88). Picton Property Income shares last traded at GBX 69.70 ($0.88), with a volume of 2,665,116 shares traded.

Picton Property Income Stock Down 1.3 %

The company has a market cap of £375.12 million, a price-to-earnings ratio of -458.67 and a beta of 0.42. The company has a current ratio of 2.19, a quick ratio of 2.25 and a debt-to-equity ratio of 42.44. The firm’s fifty day moving average price is GBX 64.62 and its 200-day moving average price is GBX 65.56.

Picton Property Income Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 9th will be issued a GBX 0.93 ($0.01) dividend. This is an increase from Picton Property Income’s previous dividend of $0.88. This represents a dividend yield of 1.4%. The ex-dividend date is Thursday, May 9th. Picton Property Income’s dividend payout ratio is -2,666.67%.

Picton Property Income Company Profile

(Get Free Report)

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.

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