Picton Property Income (LON:PCTN) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Picton Property Income Limited (LON:PCTN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.78 ($0.89) and traded as low as GBX 66.20 ($0.83). Picton Property Income shares last traded at GBX 66.70 ($0.84), with a volume of 1,078,903 shares traded.

Picton Property Income Trading Up 1.3 %

The firm has a market capitalization of £375.07 million, a P/E ratio of -6,780.00 and a beta of 0.42. The stock’s 50-day simple moving average is GBX 72.54 and its two-hundred day simple moving average is GBX 70.76. 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 business also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 7th will be given a dividend of GBX 0.93 ($0.01) per share. The ex-dividend date is Thursday, November 7th. This represents a dividend yield of 1.3%. Picton Property Income’s dividend 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.