abrdn Property Income Trust (LON:API) Share Price Passes Above 200 Day Moving Average – Here’s Why

abrdn Property Income Trust Limited (LON:API) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 53.59 ($0.70) and traded as high as GBX 61.50 ($0.80). abrdn Property Income Trust shares last traded at GBX 61.20 ($0.80), with a volume of 2,094,988 shares.

abrdn Property Income Trust Price Performance

The company has a debt-to-equity ratio of 47.99, a current ratio of 3.47 and a quick ratio of 0.16. The business’s fifty day moving average price is GBX 57.23 and its 200-day moving average price is GBX 53.66. The stock has a market capitalization of £233.31 million, a price-to-earnings ratio of -3,060.00 and a beta of 0.33.

abrdn Property Income Trust Announces Dividend

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