Picton Property Income (LON:PCTN) Reaches New 1-Year Low – Time to Sell?

Picton Property Income Limited (LON:PCTN)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 60 ($0.73) and last traded at GBX 60.50 ($0.74), with a volume of 1445798 shares trading hands. The stock had previously closed at GBX 61.90 ($0.76).

Picton Property Income Trading Down 2.1 %

The company has a market capitalization of £325.94 million, a PE ratio of -5,970.00 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. The stock’s fifty day moving average price is GBX 66.54 and its two-hundred day moving average price is GBX 70.47.

Picton Property Income Dividend Announcement

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

Picton Property Income Company Profile

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.

Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024).

Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.