Free Trial

Picton Property Income (LON:PCTN) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Picton Property Income logo with Real Estate background

Key Points

  • Picton Property Income's stock price recently surpassed its 200-day moving average, trading at GBX 76.50 ($1.03) with a market capitalization of £413.90 million.
  • Insider activity includes the sale of 142,225 shares by Michael Morris and the purchase of 20,371 shares by Helen Beck, indicating mixed insider sentiment.
  • The company reported an earnings per share (EPS) of GBX 4.20 ($0.06) for the previous quarter, with analysts projecting an EPS of 4.26 for the current year.
  • MarketBeat previews top five stocks to own in October.

Shares of Picton Property Income Limited (LON:PCTN - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 72.80 ($0.98) and traded as high as GBX 76.80 ($1.03). Picton Property Income shares last traded at GBX 76.50 ($1.03), with a volume of 591,376 shares trading hands.

Picton Property Income Price Performance

The stock has a market cap of £405.61 million, a PE ratio of 50.27 and a beta of 0.42. 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 business has a fifty day moving average of GBX 79.32 and a 200 day moving average of GBX 73.18.

Picton Property Income (LON:PCTN - Get Free Report) last announced its quarterly earnings results 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 anticipate that Picton Property Income Limited will post 4.2620137 earnings per share for the current year.

Insider Buying and Selling at Picton Property Income

In other news, insider Helen Beck bought 20,371 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of GBX 74 ($0.99) per share, with a total value of £15,074.54 ($20,247.87). Also, insider Francis Salway acquired 275,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of GBX 74 ($0.99) per share, for a total transaction of £203,500 ($273,337.81). Corporate insiders own 0.72% of the company's stock.

Picton Property Income Company Profile

(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.

See Also

Should You Invest $1,000 in Picton Property Income Right Now?

Before you consider Picton Property Income, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Picton Property Income wasn't on the list.

While Picton Property Income currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.