Insider Selling: Picton Property Income Limited (LON:PCTN) Insider Sells 168,541 Shares of Stock

Picton Property Income Limited (LON:PCTNGet Free Report) insider Michael Morris sold 168,541 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of GBX 67 ($0.85), for a total transaction of £112,922.47 ($143,248.09).

Picton Property Income Price Performance

Shares of PCTN traded up GBX 0.10 ($0.00) during mid-day trading on Tuesday, reaching GBX 68.70 ($0.87). The stock had a trading volume of 905,845 shares, compared to its average volume of 942,304. The business has a fifty day moving average of GBX 66.36 and a 200 day moving average of GBX 65.71. The company has a debt-to-equity ratio of 42.44, a quick ratio of 2.25 and a current ratio of 2.19. The firm has a market cap of £374.57 million, a price-to-earnings ratio of -457.33 and a beta of 0.41. Picton Property Income Limited has a 12 month low of GBX 60.30 ($0.76) and a 12 month high of GBX 76.40 ($0.97).

Picton Property Income Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 9th were issued a GBX 0.93 ($0.01) dividend. The ex-dividend date was Thursday, May 9th. This represents a yield of 1.4%. This is an increase from Picton Property Income’s previous dividend of $0.88. Picton Property Income’s dividend payout ratio is currently -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.

Further Reading

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