Picton Property Income (LON:PCTN) Sets New 1-Year High – Here’s Why

Shares of Picton Property Income Limited (LON:PCTN) reached a new 52-week high on Monday . The company traded as high as GBX 82 ($1.11) and last traded at GBX 81.90 ($1.11), with a volume of 1206676 shares changing hands. The stock had previously closed at GBX 81.40 ($1.10).

Picton Property Income Price Performance

The firm has a 50-day simple moving average of GBX 74.45 and a 200-day simple moving average of GBX 68.79. The firm has a market capitalization of £443.52 million, a PE ratio of 54.97 and a beta of 0.42. The company has a debt-to-equity ratio of 40.36, a current ratio of 3.48 and a quick ratio of 2.25.

Picton Property Income (LON:PCTN) last posted its quarterly earnings data on Thursday, May 22nd. The company reported GBX 4.20 ($0.06) earnings per share (EPS) for the quarter. Picton Property Income had a net margin of 14.83% and a return on equity of 1.55%. As a group, equities analysts forecast that Picton Property Income Limited will post 4.2620137 earnings per share for the current year.

Insider Activity

In other news, insider Francis Salway purchased 275,000 shares of the company’s stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of GBX 74 ($1.00) per share, for a total transaction of £203,500 ($275,707.90). Also, insider Helen Beck acquired 20,371 shares of Picton Property Income stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of GBX 74 ($1.00) per share, with a total value of £15,074.54 ($20,423.44). Insiders own 0.72% of the company’s stock.

About Picton Property Income

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.

Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024).

Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.