Picton Property Income (LON:PCTN) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Picton Property Income Limited (LON:PCTN) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.30 ($0.86) and traded as low as GBX 61.40 ($0.75). Picton Property Income shares last traded at GBX 62 ($0.76), with a volume of 914,053 shares.

Picton Property Income Trading Down 0.5 %

The business’s 50-day moving average price is GBX 66.01 and its 200-day moving average price is GBX 70.30. The firm has a market capitalization of £336.86 million, a PE ratio of -6,170.00 and a beta of 0.42. The company has a debt-to-equity ratio of 43.63, a current ratio of 3.74 and a quick ratio of 2.25.

Picton Property Income Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 7th were paid a GBX 0.93 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a yield of 1.3%. Picton Property Income’s dividend payout ratio is presently -40,000.00%.

About Picton Property Income

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.

Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024).

Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.