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Picton Property Income (LON:PCTN) Stock Passes Above 200-Day Moving Average - Should You Sell?

Picton Property Income logo with Real Estate background

Picton Property Income Limited (LON:PCTN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 67.38 ($0.89) and traded as high as GBX 72.60 ($0.96). Picton Property Income shares last traded at GBX 72.50 ($0.96), with a volume of 897,927 shares.

Picton Property Income Stock Performance

The company has a debt-to-equity ratio of 40.36, a quick ratio of 2.25 and a current ratio of 3.48. The stock has a fifty day simple moving average of GBX 68.07 and a two-hundred day simple moving average of GBX 67.38. The stock has a market cap of £392.62 million, a PE ratio of 48.66 and a beta of 0.42.

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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