North American Income Trust (LON:NAIT) Reaches New 12-Month High at $309.00

North American Income Trust (LON:NAIT)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 309 ($4.06) and last traded at GBX 301 ($3.96), with a volume of 66353 shares. The stock had previously closed at GBX 304 ($4.00).

North American Income Trust Stock Performance

The stock has a market cap of £417.54 million, a price-to-earnings ratio of 15,200.00 and a beta of 0.70. The stock’s fifty day moving average is GBX 301.56 and its 200-day moving average is GBX 293.77. The company has a quick ratio of 7.40, a current ratio of 1.99 and a debt-to-equity ratio of 8.72.

North American Income Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 4th were issued a dividend of GBX 2.70 ($0.04) per share. This represents a yield of 0.91%. The ex-dividend date of this dividend was Thursday, July 4th. North American Income Trust’s dividend payout ratio is currently 55,000.00%.

Insider Activity at North American Income Trust

In other news, insider Patrick Edwardson acquired 83,755 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average price of GBX 297 ($3.91) per share, for a total transaction of £248,752.35 ($327,090.53). Over the last 90 days, insiders bought 200,000 shares of company stock worth $59,700,000. 8.10% of the stock is currently owned by company insiders.

North American Income Trust Company Profile

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.