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

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.

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

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.