abrdn Property Income Trust (LON:API) Shares Cross Above Two Hundred Day Moving Average of $50.89

abrdn Property Income Trust Limited (LON:API)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 50.89 ($0.64) and traded as high as GBX 51.90 ($0.65). abrdn Property Income Trust shares last traded at GBX 51.70 ($0.65), with a volume of 459,408 shares changing hands.

abrdn Property Income Trust Stock Up 0.7 %

The firm has a market cap of £198.46 million, a P/E ratio of -224.78 and a beta of 0.31. The firm’s 50-day moving average price is GBX 51.51 and its 200 day moving average price is GBX 50.89. The company has a debt-to-equity ratio of 42.59, a current ratio of 1.51 and a quick ratio of 0.16.

abrdn Property Income Trust Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.98%. abrdn Property Income Trust’s payout ratio is -1,739.13%.

abrdn Property Income Trust Company Profile

The objective of abrdn Property Income Trust Limited 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 in the industrial, office, retail and other' sectors, where other' includes leisure, data centres, student housing, hotels (and apart-hotels) and healthcare.