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Picton Property Income ( (GB:PCTN) ) has shared an update.
Picton Property Income Limited has repurchased and cancelled 100,000 of its ordinary shares, which were bought through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 526,589,205, impacting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:PCTN) stock is a Buy with a £90.00 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 benefits from positive technical indicators and a robust corporate event strategy involving share buybacks, which may enhance shareholder value. However, financial performance shows volatility, which poses some risk. The valuation is reasonable, supported by a solid dividend yield.
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. It manages a £723 million commercial property portfolio across 47 assets with around 350 occupiers. The company focuses on delivering high income returns and capital growth, particularly in the industrial sector, and aims to achieve net zero carbon by 2040.
Average Trading Volume: 1,332,697
Technical Sentiment Signal: Buy
Current Market Cap: £419.6M
See more insights into PCTN stock on TipRanks’ Stock Analysis page.