Picton Property Income (LON:PCTN) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Picton Property Income Limited (LON:PCTN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 67.38 ($0.89) and traded as high as GBX 72.60 ($0.96). Picton Property Income shares last traded at GBX 72.50 ($0.96), with a volume of 897,927 shares trading hands.

Picton Property Income Stock Performance

The company’s fifty day simple moving average is GBX 68.07 and its two-hundred day simple moving average is GBX 67.38. The company has a market capitalization of £392.62 million, a price-to-earnings ratio of 48.66 and a beta of 0.42. The company has a debt-to-equity ratio of 40.36, a quick ratio of 2.25 and a current ratio of 3.48.

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.