abrdn Property Income Trust (LON:API) Stock Passes Above Two Hundred Day Moving Average of $65.03

abrdn Property Income Trust Limited (LON:APIGet Rating)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 65.03 ($0.79) and traded as high as GBX 69.03 ($0.84). abrdn Property Income Trust shares last traded at GBX 66.70 ($0.81), with a volume of 970,701 shares traded.

abrdn Property Income Trust Trading Down 0.6 %

The company’s 50 day simple moving average is GBX 58.90 and its 200 day simple moving average is GBX 65.03. The firm has a market cap of £254.27 million and a price-to-earnings ratio of 266.80. The company has a debt-to-equity ratio of 26.94, a current ratio of 0.39 and a quick ratio of 0.16.

abrdn Property Income Trust Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 10th were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, November 10th. This represents a dividend yield of 1.83%. abrdn Property Income Trust’s dividend payout ratio (DPR) is 15.14%.

abrdn Property Income Trust Company Profile

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The objective of the Company is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK commercial properties. The majority of the portfolio will be invested in direct holdings within the three main commercial property sectors of retail, office and industrial although the Company may also invest in other commercial property such as hotels, nursing homes and student housing.

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