Picton Property Income (LON:PCTN) Shares Pass Below 200 Day Moving Average of $65.51

Picton Property Income Limited (LON:PCTN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 65.51 ($0.82) and traded as low as GBX 61.50 ($0.77). Picton Property Income shares last traded at GBX 62 ($0.77), with a volume of 721,582 shares changing hands.

Picton Property Income Price Performance

The company has a debt-to-equity ratio of 42.44, a quick ratio of 2.25 and a current ratio of 2.19. The stock has a market cap of £328.77 million, a P/E ratio of -402.00 and a beta of 0.42. The stock’s fifty day simple moving average is GBX 63.54 and its 200-day simple moving average is GBX 65.41.

Picton Property Income Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were issued a GBX 0.88 ($0.01) dividend. This represents a yield of 1.31%. The ex-dividend date was Thursday, February 8th. Picton Property Income’s dividend payout ratio is currently -2,666.67%.

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.