Picton Property Income (LON:PCTN) Sets New 52-Week High - Here's Why

Picton Property Income Limited (LON:PCTN - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 78.90 ($1.07) and last traded at GBX 78.40 ($1.06), with a volume of 1016510 shares changing hands. The stock had previously closed at GBX 77.80 ($1.06).

Picton Property Income Price Performance

The stock has a fifty day moving average price of GBX 73.27 and a 200-day moving average price of GBX 68.31. The firm has a market capitalization of £424.57 million, a PE ratio of 52.62 and a beta of 0.42. The company has a debt-to-equity ratio of 40.36, a quick ratio of 2.25 and a current ratio of 3.48.

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

Insider Buying and Selling

In other news, insider Helen Beck purchased 20,371 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of GBX 74 ($1.00) per share, for a total transaction of £15,074.54 ($20,470.59). Also, insider Francis Salway purchased 275,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of GBX 74 ($1.00) per share, for a total transaction of £203,500 ($276,344.38). 0.72% of the stock is owned by company 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.

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