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Picton Property Income (LON:PCTN) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

Picton Property Income logo with Real Estate background

Shares of Picton Property Income Limited (LON:PCTN - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 69.98 ($0.86) and traded as low as GBX 60 ($0.74). Picton Property Income shares last traded at GBX 61 ($0.75), with a volume of 2,195,978 shares traded.

Picton Property Income Stock Down 0.7 %

The company has a quick ratio of 2.25, a current ratio of 3.74 and a debt-to-equity ratio of 43.63. The stock has a market cap of £330.85 million, a PE ratio of -6,060.00 and a beta of 0.42. The firm has a fifty day moving average of GBX 65 and a 200 day moving average of GBX 69.98.

Picton Property Income (LON:PCTN - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported GBX 2.10 ($0.03) earnings per share (EPS) for the quarter. Picton Property Income had a negative return on equity of 0.89% and a negative net margin of 8.76%. On average, equities research analysts anticipate that Picton Property Income Limited will post 4.2620137 EPS for the current fiscal year.

Picton Property Income Dividend Announcement

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

Picton Property Income Company Profile

(Get Free Report)

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.

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