Picton Property Income (LON:PCTN) Shares Pass Below 200-Day Moving Average of $70.57

Picton Property Income Limited (LON:PCTN) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 70.57 ($0.87) and traded as low as GBX 64.80 ($0.80). Picton Property Income shares last traded at GBX 68.30 ($0.84), with a volume of 1,181,680 shares changing hands.

Picton Property Income Trading Up 5.4 %

The company has a quick ratio of 2.25, a current ratio of 2.07 and a debt-to-equity ratio of 41.17. The stock’s 50 day moving average is GBX 66.71 and its two-hundred day moving average is GBX 70.57. The company has a market capitalization of £374.02 million, a PE ratio of -426.88 and a beta of 0.43.

Picton Property Income Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be paid a GBX 0.88 ($0.01) dividend. The ex-dividend date is Thursday, November 9th. This represents a yield of 1.37%. Picton Property Income’s dividend payout ratio (DPR) is -2,500.00%.

About Picton Property Income

Picton, established in 2005, is a UK REIT. It owns and actively manages a £761 million diversified UK commercial property portfolio, invested across 49 assets and with around 400 occupiers (as at 30 June 2023). 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.