Michael Morris Sells 168,541 Shares of Picton Property Income Limited (LON:PCTN) Stock

Picton Property Income Limited (LON:PCTN - Get Free Report) insider Michael Morris sold 168,541 shares of Picton Property Income stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of GBX 67 ($0.85), for a total value of £112,922.47 ($143,248.09).

Picton Property Income Stock Up 0.1 %

Shares of PCTN traded up GBX 0.10 ($0.00) during midday trading on Tuesday, reaching GBX 68.70 ($0.87). 898,980 shares of the company were exchanged, compared to its average volume of 942,304. The stock has a 50-day moving average price of GBX 66.36 and a 200-day moving average price of GBX 65.71. The company has a market cap of £374.57 million, a price-to-earnings ratio of -458.00 and a beta of 0.41. Picton Property Income Limited has a 1-year low of GBX 60.30 ($0.76) and a 1-year high of GBX 76.40 ($0.97). The company has a current ratio of 2.19, a quick ratio of 2.25 and a debt-to-equity ratio of 42.44.

Picton Property Income Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 9th were given a dividend of GBX 0.93 ($0.01) per share. This represents a dividend yield of 1.4%. This is a positive change from Picton Property Income's previous dividend of $0.88. The ex-dividend date of this dividend was Thursday, May 9th. Picton Property Income's payout ratio is presently -2,666.67%.

Picton Property Income Company Profile

Picton, established in 2005, is a UK REIT. It owns and actively manages a £757 million diversified UK commercial property portfolio, invested across 49 assets and with around 400 occupiers (as at 30 September 2023). 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.