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Picton Property Income (LON:PCTN) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Picton Property Income logo with Real Estate background

Key Points

  • Picton Property Income's share price has recently surpassed its 200-day moving average, indicating potential positive momentum in trading.
  • The company reported earnings of GBX 4.20 per share last quarter, with analysts projecting 4.26 EPS for the current year.
  • Insider transactions included notable purchases from executives, with Francis Salway buying 275,000 shares at GBX 74, signifying confidence in the company's future.
  • 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 Friday . The stock has a two hundred day moving average of GBX 73.38 ($0.98) and traded as high as GBX 75.50 ($1.01). Picton Property Income shares last traded at GBX 74.70 ($1.00), with a volume of 369,982 shares trading hands.

Picton Property Income Trading Down 1.1%

The company has a 50 day moving average of GBX 78.66 and a 200 day moving average of GBX 73.70. The company has a current ratio of 3.48, a quick ratio of 2.25 and a debt-to-equity ratio of 40.36. The firm has a market cap of £406.16 million, a price-to-earnings ratio of 50.34 and a beta of 0.42.

Picton Property Income (LON:PCTN - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX 4.20 EPS for the quarter. Picton Property Income had a return on equity of 1.55% and a net margin of 14.83%. As a group, research analysts anticipate that Picton Property Income Limited will post 4.2620137 EPS for the current year.

Insider Activity at Picton Property Income

In related news, insider Helen Beck purchased 20,371 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of GBX 74 per share, with a total value of £15,074.54. 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 per share, for a total transaction of £203,500. 0.72% of the stock is owned by insiders.

About Picton Property Income

(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.

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