abrdn Property Income Trust (LON:API) Reaches New 1-Year Low – What’s Next?

abrdn Property Income Trust Limited (LON:API) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 5.91 ($0.07) and last traded at GBX 6.31 ($0.08), with a volume of 5652647 shares changing hands. The stock had previously closed at GBX 9.37 ($0.12).

abrdn Property Income Trust Price Performance

The company has a market cap of £24.05 million, a P/E ratio of -315.50 and a beta of 0.33. The company has a fifty day simple moving average of GBX 58.83 and a 200-day simple moving average of GBX 56.24. The company has a debt-to-equity ratio of 47.99, a current ratio of 3.47 and a quick ratio of 0.16.

abrdn Property Income Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 17th will be issued a GBX 52 ($0.65) dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a dividend yield of 85.81%. This is a boost from abrdn Property Income Trust’s previous dividend of $3.00. abrdn Property Income Trust’s dividend payout ratio is currently -20,000.00%.

Insider Buying and Selling at abrdn Property Income Trust

In other abrdn Property Income Trust news, insider Jill May sold 128,592 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.77), for a total transaction of £78,441.12 ($98,618.46). 3.21% of the stock is owned by corporate insiders.

About abrdn Property Income Trust

The objective of abrdn Property Income Trust Limited is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK commercial properties in the industrial, office, retail and other' sectors, where other' includes leisure, data centres, student housing, hotels (and apart-hotels) and healthcare.