Picton Property Income (LON:PCTN) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Picton Property Income Limited (LON:PCTN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 69.98 ($0.87) and traded as low as GBX 60 ($0.75). Picton Property Income shares last traded at GBX 61 ($0.76), with a volume of 2,195,978 shares traded.

Picton Property Income Stock Down 0.7 %

The company’s 50 day moving average price is GBX 64.86 and its two-hundred day moving average price is GBX 69.92. The company has a current ratio of 3.74, a quick ratio of 2.25 and a debt-to-equity ratio of 43.63. The firm has a market cap of £330.85 million, a PE ratio of -6,060.00 and a beta of 0.42.

Picton Property Income (LON:PCTN) last issued its quarterly earnings results on Tuesday, November 12th. The company reported GBX 2.10 ($0.03) EPS for the quarter. Picton Property Income had a negative return on equity of 0.89% and a negative net margin of 8.76%. On average, equities research analysts expect that Picton Property Income Limited will post 4.2620137 EPS for the current fiscal year.

Picton Property Income Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 7th were paid a dividend of GBX 0.93 ($0.01) per share. This represents a yield of 1.3%. The ex-dividend date of this dividend was Thursday, November 7th. Picton Property Income’s payout ratio is -40,000.00%.

About Picton Property Income

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.