Picton Property Income (LON:PCTN) Announces Earnings Results

Picton Property Income (LON:PCTN - Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 4.20 ($0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Picton Property Income had a return on equity of 1.55% and a net margin of 14.83%.

Picton Property Income Stock Performance

Shares of PCTN traded up GBX 1.40 ($0.02) during trading hours on Tuesday, hitting GBX 74.90 ($1.02). The company's stock had a trading volume of 4,388,911 shares, compared to its average volume of 1,731,485. The business has a 50 day simple moving average of GBX 72.34 and a two-hundred day simple moving average of GBX 67.84. Picton Property Income has a 52-week low of GBX 59.54 ($0.81) and a 52-week high of GBX 77.80 ($1.06). The company has a debt-to-equity ratio of 40.36, a current ratio of 3.48 and a quick ratio of 2.25. The company has a market cap of £405.61 million, a price-to-earnings ratio of 50.27 and a beta of 0.42.

Insider Activity at Picton Property Income

In related news, insider Helen Beck acquired 20,371 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of GBX 74 ($1.00) per share, with a total value of £15,074.54 ($20,453.92). Also, insider Francis Salway bought 275,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was bought at an average price of GBX 74 ($1.00) per share, with a total value of £203,500 ($276,119.40). 0.72% of the stock is currently owned by corporate insiders.

Picton Property Income Company Profile

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.