abrdn Property Income Trust (LON:API) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of abrdn Property Income Trust Limited (LON:API) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 54.13 ($0.70) and traded as high as GBX 61.10 ($0.79). abrdn Property Income Trust shares last traded at GBX 61 ($0.79), with a volume of 1,052,303 shares traded.

abrdn Property Income Trust Trading Up 0.5 %

The company has a debt-to-equity ratio of 47.99, a current ratio of 3.47 and a quick ratio of 0.16. The company has a market cap of £232.93 million, a PE ratio of -3,055.00 and a beta of 0.33. The company’s 50 day simple moving average is GBX 58.39 and its two-hundred day simple moving average is GBX 54.30.

abrdn Property Income Trust Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a GBX 1 ($0.01) dividend. This represents a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, August 15th. abrdn Property Income Trust’s payout ratio is -20,000.00%.

Insider Activity

In other news, insider Jill May sold 128,592 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.79), for a total value of £78,441.12 ($101,845.13). Insiders own 3.21% of the company’s stock.

abrdn Property Income Trust Company Profile

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.