Picton Property Income (LON:PCTN) Stock Price Down 0.1% – What’s Next?

Shares of Picton Property Income Limited (LON:PCTN) were down 0.1% during trading on Thursday . The company traded as low as GBX 68.20 ($0.87) and last traded at GBX 69 ($0.88). Approximately 501,972 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 952,625 shares. The stock had previously closed at GBX 69.10 ($0.88).

Picton Property Income Price Performance

The company has a quick ratio of 2.25, a current ratio of 3.74 and a debt-to-equity ratio of 43.63. The company’s fifty day moving average is GBX 70.56 and its 200 day moving average is GBX 70.90. The firm has a market cap of £373.98 million, a price-to-earnings ratio of -6,850.00 and a beta of 0.42.

Picton Property Income Dividend Announcement

The business also recently disclosed 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. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, November 7th. Picton Property Income’s payout ratio is -40,000.00%.

About Picton Property Income

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.