Picton Property Income (LON:PCTN) Stock Price Crosses Below 200-Day Moving Average of $93.48

Picton Property Income Limited (LON:PCTNGet Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 93.48 ($1.13) and traded as low as GBX 85.60 ($1.03). Picton Property Income shares last traded at GBX 85.90 ($1.04), with a volume of 606,002 shares changing hands.

Picton Property Income Stock Down 0.1 %

The firm has a 50 day moving average price of GBX 89.42 and a 200-day moving average price of GBX 93.48. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 33.41. The firm has a market cap of £468.70 million and a PE ratio of 318.15.

Picton Property Income Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, August 31st. Stockholders of record on Thursday, August 4th were paid a GBX 0.88 ($0.01) dividend. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 4th. Picton Property Income’s payout ratio is presently 12.50%.

Picton Property Income Company Profile

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Picton, established in 2005, is a UK REIT. It owns and actively manages a £665 million diversified UK commercial property portfolio, invested across 47 assets and with around 350 occupiers (as at 31 March 2020). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.

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