Picton Property Income ( (GB:PCTN) ) has provided an update.
Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, trading on the London Stock Exchange at an average price of 71.7 pence per share. This transaction reduces the total number of shares in issue to 536,600,000, impacting shareholder voting rights and potentially affecting market perceptions of the company’s financial health and strategic direction.
More about Picton Property Income
Picton Property Income Limited, established in 2005, is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. It manages a £737 million commercial property portfolio across 48 assets with around 350 occupiers, focusing on delivering high income returns and capital growth, particularly in the industrial sector. Picton is committed to sustainability, aiming for net zero carbon by 2040.
YTD Price Performance: 17.72%
Average Trading Volume: 450
Technical Sentiment Signal: Strong Sell
Current Market Cap: $495.5M
Learn more about PCTN stock on TipRanks’ Stock Analysis page.