Picton Property Income (LON:PCTN) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Picton Property Income Limited (LON:PCTN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 70.65 ($0.88) and traded as low as GBX 63.20 ($0.79). Picton Property Income shares last traded at GBX 63.99 ($0.80), with a volume of 349,265 shares traded.

Picton Property Income Stock Performance

The company has a market capitalization of £347.78 million, a price-to-earnings ratio of -6,370.00 and a beta of 0.42. The company has a 50 day moving average price of GBX 67.59 and a 200 day moving average price of GBX 70.63. The company has a debt-to-equity ratio of 43.63, a quick ratio of 2.25 and a current ratio of 3.74.

Picton Property Income Announces Dividend

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