Picton Property Income (LON:PCTN) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Picton Property Income Limited (LON:PCTN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 70.77 ($0.89) and traded as low as GBX 62.90 ($0.79). Picton Property Income shares last traded at GBX 63 ($0.79), with a volume of 979,423 shares trading hands.

Picton Property Income Trading Up 0.6 %

The firm has a 50 day moving average price of GBX 68.61 and a two-hundred day moving average price of GBX 70.75. The company has a market cap of £346.14 million, a price-to-earnings ratio of -6,340.00 and a beta of 0.42. The company has a quick ratio of 2.25, a current ratio of 3.74 and a debt-to-equity ratio of 43.63.

Picton Property Income Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, November 29th. Investors 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 dividend payout ratio (DPR) is currently -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.