Picton Property Income (LON:PCTN) Trading Down 0.1% - Time to Sell?

Picton Property Income Limited (LON:PCTN - Get Free Report)'s share price dropped 0.1% during mid-day trading on Thursday . The stock traded as low as GBX 68.20 ($0.87) and last traded at GBX 69 ($0.88). Approximately 501,972 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 952,625 shares. The stock had previously closed at GBX 69.10 ($0.88).

Picton Property Income Price Performance

The firm's 50-day moving average price is GBX 70.69 and its two-hundred day moving average price is GBX 70.90. The company has a current ratio of 3.74, a quick ratio of 2.25 and a debt-to-equity ratio of 43.63. The stock has a market cap of £373.98 million, a PE ratio of -6,882.00 and a beta of 0.42.

Picton Property Income Dividend Announcement

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

About Picton Property Income

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.