Picton Property Income (LON:PCTN) Stock Passes Below Two Hundred Day Moving Average of $65.51

Picton Property Income Limited (LON:PCTN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 65.51 ($0.82) and traded as low as GBX 61.50 ($0.77). Picton Property Income shares last traded at GBX 62 ($0.77), with a volume of 721,582 shares trading hands.

Picton Property Income Stock Down 1.0 %

The company has a 50-day moving average of GBX 63.71 and a 200-day moving average of GBX 65.51. The company has a current ratio of 2.19, a quick ratio of 2.25 and a debt-to-equity ratio of 42.44. The company has a market capitalization of £334.77 million, a price-to-earnings ratio of -413.33 and a beta of 0.42.

Picton Property Income Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were issued a GBX 0.88 ($0.01) dividend. This represents a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, February 8th. Picton Property Income’s dividend payout ratio is presently -2,666.67%.

Picton Property Income Company Profile

Picton, established in 2005, is a UK REIT. It owns and actively manages a £757 million diversified UK commercial property portfolio, invested across 49 assets and with around 400 occupiers (as at 30 September 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.