Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Picton Property Income ( (GB:PCTN) ) has provided an update.
Picton Property Income Limited has executed a share buyback, purchasing 150,000 of its ordinary shares on the London Stock Exchange for cancellation at an average price of 77.6 pence per share, within a range of 77.2 to 78.0 pence. Following this transaction, the company’s total shares in issue stand at 513,827,021, which now represents the total voting rights and provides the reference figure for shareholders’ disclosure obligations under UK transparency rules, modestly consolidating existing investors’ stakes and signalling ongoing capital management activity.
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 included in 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 of 46 assets and around 300 occupiers, with a strategic tilt towards the industrial sector. The company focuses on an occupier-led, opportunity-driven strategy aimed at delivering upper-quartile performance and superior income returns versus the MSCI UK Quarterly Property Index, and it has committed to achieving net zero carbon by 2040.
YTD Price Performance: 4.86%
Average Trading Volume: 975,034
Technical Sentiment Signal: Strong Buy
Current Market Cap: £396.9M
For a thorough assessment of PCTN stock, go to TipRanks’ Stock Analysis page.