Picton Property Income (LON:PCTN) Stock Price Passes Below Two Hundred Day Moving Average of $96.45

Picton Property Income Limited (LON:PCTNGet Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 96.45 ($1.18) and traded as low as GBX 89.30 ($1.09). Picton Property Income shares last traded at GBX 91.30 ($1.12), with a volume of 334,962 shares.

Picton Property Income Stock Up 0.2 %

The company has a debt-to-equity ratio of 33.41, a current ratio of 3.02 and a quick ratio of 3.02. The firm’s 50-day simple moving average is GBX 92 and its two-hundred day simple moving average is GBX 96.45. The company has a market capitalization of £498.16 million and a price-to-earnings ratio of 338.15.

Picton Property Income Announces Dividend

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

Picton Property Income Company Profile

(Get Rating)

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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