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

Picton Property Income Limited (LON:PCTN)’s share price was 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 were traded during 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 market cap of £375.73 million, a P/E ratio of -6,900.00 and a beta of 0.42. The company has a debt-to-equity ratio of 43.63, a quick ratio of 2.25 and a current ratio of 3.74. The company has a fifty day moving average price of GBX 70.69 and a two-hundred day moving average price of GBX 70.90.

Picton Property Income Announces Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 7th were paid a GBX 0.93 ($0.01) dividend. The ex-dividend date was Thursday, November 7th. This represents a yield of 1.3%. Picton Property Income’s dividend payout ratio is -40,000.00%.

Picton Property Income Company Profile

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.