Balanced Commercial Property Trust (LON:BCPT) Sets New 52-Week High – Here’s What Happened

Balanced Commercial Property Trust Ltd (LON:BCPT)’s stock price hit a new 52-week high on Friday . The company traded as high as GBX 96.10 ($1.25) and last traded at GBX 95.35 ($1.24), with a volume of 2784652 shares changing hands. The stock had previously closed at GBX 95.20 ($1.24).

Balanced Commercial Property Trust Price Performance

The stock has a fifty day moving average of GBX 93.05 and a 200-day moving average of GBX 84.78. The firm has a market capitalization of £668.58 million, a P/E ratio of -1,360.00 and a beta of 0.91. The company has a quick ratio of 5.66, a current ratio of 0.48 and a debt-to-equity ratio of 35.24.

Balanced Commercial Property Trust Announces Dividend

The business also recently announced a dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a GBX 0.44 ($0.01) dividend. This represents a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, August 15th. Balanced Commercial Property Trust’s dividend payout ratio is presently -7,142.86%.

About Balanced Commercial Property Trust

The trust is a vehicle for investors who wish to gain exposure to prime UK commercial property. It is a constituent of the FTSE 250 Index and aims to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified UK commercial property portfolio.