Abacus Property Group (ASX:ABP) Stock Crosses Above 50 Day Moving Average of $4.11

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Abacus Property Group (ASX:ABP) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.11 and traded as high as $3.94. Abacus Property Group shares last traded at $3.93, with a volume of 1,918,650 shares trading hands.

The company has a fifty day simple moving average of A$4.10 and a two-hundred day simple moving average of A$3.90. The company has a debt-to-equity ratio of 37.88, a current ratio of 2.65 and a quick ratio of 1.45. The company has a market capitalization of $2.51 billion and a P/E ratio of 11.14.

The business also recently announced a Final dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were issued a dividend of $0.093 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a yield of 2.13%. Abacus Property Group’s dividend payout ratio (DPR) is currently 51.43%.

In related news, insider Holly Kramer bought 6,402 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of A$3.91 ($2.77) per share, for a total transaction of A$25,031.82 ($17,753.06).

Abacus Property Group Company Profile (ASX:ABP)

Abacus Property Group is a leading diversified property group. We specialise in investing in core plus property opportunities in Australia. Abacus was established in 1996. We listed on the ASX in 2002 and are included in the S&P/ASX 200 index. Abacus is a stapled entity that combines the securities in three companies, Abacus Group Holdings Limited, Abacus Group Projects Limited and Abacus Storage Operations Limited, and three trusts, Abacus Trust, Abacus Income Trust and Abacus Storage Property Trust.

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