Picton Property Income Limited (LON:PCTN - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 74.27 ($1.00) and traded as low as GBX 71.10 ($0.96). Picton Property Income shares last traded at GBX 71.30 ($0.96), with a volume of 1,411,799 shares changing hands.
Picton Property Income Price Performance
The company has a quick ratio of 2.25, a current ratio of 3.48 and a debt-to-equity ratio of 40.36. The firm's fifty day moving average price is GBX 77.18 and its two-hundred day moving average price is GBX 74.36. The stock has a market capitalization of £383.04 million, a PE ratio of 1,081.91 and a beta of 0.42.
Insider Buying and Selling
In other Picton Property Income news, insider Michael Morris sold 92,909 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of GBX 80, for a total transaction of £74,327.20. Corporate insiders own 0.74% of the company's stock.
About Picton Property Income
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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.
Further Reading
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