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Picton Property Income ( (GB:PCTN) ) has issued an update.
Picton Property Income Limited has announced the purchase and cancellation of 250,000 of its own ordinary shares at an average price of 63.0 pence per share, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the company’s total shares in issue to 547,355,596, impacting shareholder voting rights and interest notifications under the Financial Conduct Authority’s rules.
More about Picton Property Income
Established in 2005, Picton Property Income Limited is a UK-based Real Estate Investment Trust (REIT) listed on the London Stock Exchange. The company owns and actively manages a commercial property portfolio valued at £737 million, comprising 48 assets with around 350 occupiers, and is strategically weighted towards the industrial sector. Picton focuses on delivering superior income returns and aims to achieve net zero carbon by 2040.
YTD Price Performance: -2.66%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $426.3M
For detailed information about PCTN stock, go to TipRanks’ Stock Analysis page.
