Picton Property Income (LON:PCTN) Hits New 1-Year High – What’s Next?

Shares of Picton Property Income Limited (LON:PCTN) hit a new 52-week high on Friday . The stock traded as high as GBX 78.90 ($1.07) and last traded at GBX 78.40 ($1.06), with a volume of 1016510 shares changing hands. The stock had previously closed at GBX 77.80 ($1.05).

Picton Property Income Stock Performance

The firm’s 50-day moving average price is GBX 73.40 and its two-hundred day moving average price is GBX 68.38. The company has a debt-to-equity ratio of 40.36, a quick ratio of 2.25 and a current ratio of 3.48. The stock has a market cap of £424.57 million, a price-to-earnings ratio of 52.62 and a beta of 0.42.

Picton Property Income (LON:PCTN) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX 4.20 ($0.06) earnings per share for the quarter. Picton Property Income had a net margin of 14.83% and a return on equity of 1.55%. On average, analysts expect that Picton Property Income Limited will post 4.2620137 EPS for the current fiscal year.

Insider Buying and Selling at Picton Property Income

In related news, insider Francis Salway bought 275,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were bought at an average price of GBX 74 ($1.00) per share, with a total value of £203,500 ($275,297.62). Also, insider Helen Beck purchased 20,371 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of GBX 74 ($1.00) per share, for a total transaction of £15,074.54 ($20,393.05). 0.72% of the stock is currently owned by corporate insiders.

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.