Picton Property Income ( (GB:PCTN) ) has shared an announcement.
Picton Property Income Limited has repurchased and cancelled 200,000 of its ordinary shares, traded on the London Stock Exchange, at an average price of 70.5 pence per share. This transaction reduces the total number of shares in issue to 537,632,482, impacting shareholder voting rights and potentially enhancing shareholder value by consolidating ownership.
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. The company manages a £737 million commercial property portfolio across 48 assets with around 350 occupiers. Picton focuses on being a top-performing diversified UK REIT with a strategic emphasis on the industrial sector, aiming for income and capital growth. The company is committed to achieving net zero carbon by 2040.
YTD Price Performance: 15.57%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $488.6M
For a thorough assessment of PCTN stock, go to TipRanks’ Stock Analysis page.