Picton Property Income Cancels 250,000 Shares in Latest Buyback

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

Picton Property Income has executed a share buyback, purchasing and cancelling 250,000 ordinary shares on the London Stock Exchange at an average price of 74.1 pence per share. Following the transaction, the company now has 514,750,000 ordinary shares in issue, which constitutes the total voting rights and provides the reference figure for shareholders assessing disclosure obligations 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 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 with around 300 occupiers, strategically weighted towards the industrial sector and focused on delivering strong income and capital growth with a responsible, net-zero-by-2040 approach.

YTD Price Performance: -0.81%

Average Trading Volume: 970,785

Technical Sentiment Signal: Buy

Current Market Cap: £376.2M

See more data about PCTN stock on TipRanks’ Stock Analysis page.