Picton Property Income (LON:PCTN) Share Price Crosses Below 200-Day Moving Average of $93.48

Picton Property Income Limited (LON:PCTNGet Rating)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 93.48 ($1.13) and traded as low as GBX 85.60 ($1.03). Picton Property Income shares last traded at GBX 85.90 ($1.04), with a volume of 606,002 shares trading hands.

Picton Property Income Stock Down 0.1 %

The stock has a market cap of £468.70 million and a PE ratio of 318.15. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 33.41. The business has a 50-day moving average price of GBX 89.42 and a 200-day moving average price of GBX 93.48.

Picton Property Income Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, August 31st. Shareholders of record on Thursday, August 4th were issued a GBX 0.88 ($0.01) dividend. The ex-dividend date was Thursday, August 4th. This represents a yield of 0.96%. Picton Property Income’s payout ratio is currently 12.50%.

About Picton Property Income

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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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