Picton Property Income Cancels 122,979 Shares After Buyback on LSE

Picton Property Income ( (GB:PCTN) ) has shared an announcement.

Picton Property Income Limited has repurchased and cancelled 122,979 of its ordinary shares on the London Stock Exchange at an average price of 76.9 pence per share, as part of its ongoing share buyback activity. Following this transaction, the company now has 514,127,021 ordinary shares in issue, which represents the total voting rights for shareholders and may influence investor calculations regarding disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Spark’s Take on GB:PCTN Stock

According to Spark, TipRanks’ AI Analyst, GB:PCTN is a Neutral.

Picton Property Income’s overall stock score is primarily supported by its strong valuation metrics, including a low P/E ratio and high dividend yield, which suggest potential undervaluation. However, financial performance is mixed, with strong profitability offset by revenue and cash flow volatility. Technical indicators are neutral, providing no clear directional bias.

To see Spark’s full report on GB:PCTN stock, click here.

More about Picton Property Income

Picton Property Income Limited is a UK real estate investment trust listed on the main market of the London Stock Exchange and a constituent of several EPRA indices, including the FTSE EPRA Nareit Global Index. Established in 2005, it owns and actively manages a £695 million diversified UK commercial property portfolio across 46 assets and around 300 occupiers, with a strategic weighting toward the industrial sector and a stated commitment to responsible business practices and achieving net zero carbon by 2040.

Average Trading Volume: 966,327

Technical Sentiment Signal: Buy

Current Market Cap: £384.6M

Find detailed analytics on PCTN stock on TipRanks’ Stock Analysis page.