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

Picton Property Income Limited (LON:PCTN)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Picton Property Income Trading Up 1.3 %

The company has a debt-to-equity ratio of 43.63, a quick ratio of 2.25 and a current ratio of 3.74. The company’s fifty day simple moving average is GBX 72.54 and its 200-day simple moving average is GBX 70.76. The company has a market capitalization of £375.07 million, a P/E ratio of -6,780.00 and a beta of 0.42.

Picton Property Income Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 7th will be issued a GBX 0.93 ($0.01) dividend. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 7th. Picton Property Income’s dividend payout ratio is currently -40,000.00%.

Picton Property Income Company Profile

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.