Picton Property Income (LON:PCTN) Stock Passes Below 200 Day Moving Average of $65.32

Picton Property Income Limited (LON:PCTN)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 65.32 ($0.81) and traded as low as GBX 63 ($0.78). Picton Property Income shares last traded at GBX 64.60 ($0.80), with a volume of 606,891 shares traded.

Picton Property Income Price Performance

The company has a current ratio of 2.19, a quick ratio of 2.25 and a debt-to-equity ratio of 42.44. The company has a market capitalization of £349.73 million, a price-to-earnings ratio of -430.67 and a beta of 0.42. The company has a 50 day moving average price of GBX 63.61 and a 200 day moving average price of GBX 65.32.

Picton Property Income Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were paid a dividend of GBX 0.88 ($0.01) per share. This represents a yield of 1.31%. The ex-dividend date was Thursday, February 8th. Picton Property Income’s payout ratio is -2,666.67%.

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.