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An update from Picton Property Income ( (GB:PCTN) ) is now available.
Picton Property Income Limited announced the purchase and cancellation of 200,000 of its own ordinary shares on the London Stock Exchange, at an average price of 74.1 pence per share. This transaction reduces the total number of shares in issue to 518,627,390, which affects the total voting rights and may influence shareholder notifications under regulatory rules.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £84.00 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 score is driven by strong technical indicators and attractive valuation metrics. However, financial performance is mixed due to revenue and cash flow volatility, which slightly dampens the overall outlook.
To see Spark’s full report on GB:PCTN stock, click here.
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 owns and manages a £695 million commercial property portfolio across 46 assets with around 300 occupiers. Picton focuses on being the best performing diversified UK REIT, with a strategic emphasis on the industrial sector and a commitment to achieving net zero carbon by 2040.
Average Trading Volume: 926,729
Technical Sentiment Signal: Buy
Current Market Cap: £381.1M
For a thorough assessment of PCTN stock, go to TipRanks’ Stock Analysis page.