abrdn Property Income Trust (LON:API) Shares Pass Above 200-Day Moving Average of $50.89

abrdn Property Income Trust Limited (LON:API)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 Trading Up 0.7 %

The company has a current ratio of 1.51, a quick ratio of 0.16 and a debt-to-equity ratio of 42.59. The firm has a market cap of £198.46 million, a PE ratio of -224.78 and a beta of 0.31. The company has a 50-day simple moving average of GBX 51.51 and a 200 day simple moving average of GBX 50.89.

abrdn Property Income Trust Dividend Announcement

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