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Insider Buying: Picton Property Income Limited (LON:PCTN) Insider Acquires 275,000 Shares of Stock

Picton Property Income logo with Real Estate background

Picton Property Income Limited (LON:PCTN - Get Free Report) insider Francis Salway bought 275,000 shares of the stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of GBX 74 ($1.00) per share, with a total value of £203,500 ($274,665.95).

Picton Property Income Trading Up 1.0%

Shares of LON PCTN traded up GBX 0.80 ($0.01) during trading on Thursday, reaching GBX 77.70 ($1.05). The company had a trading volume of 553,542 shares, compared to its average volume of 1,715,674. The company's fifty day moving average price is GBX 72.67 and its 200-day moving average price is GBX 67.99. Picton Property Income Limited has a 12 month low of GBX 59.54 ($0.80) and a 12 month high of GBX 77.90 ($1.05). The stock has a market cap of £420.78 million, a P/E ratio of 52.15 and a beta of 0.42. The company has a quick ratio of 2.25, a current ratio of 3.48 and a debt-to-equity ratio of 40.36.

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

About Picton Property Income

(Get Free Report)

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.

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