Picton Property Income ( (GB:PCTN) ) just unveiled an update.
Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, trading on the London Stock Exchange at an average price of 66.1 pence per share. This transaction reduces the total number of shares in issue to 538,693,433, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial strategy.
More about Picton Property Income
Picton Property Income Limited, established in 2005, is a UK-based company listed on the London Stock Exchange. It owns and manages a £737 million commercial property portfolio across 48 assets with around 350 occupiers. Picton is focused on being a top-performing diversified UK REIT, with a portfolio that is strategically positioned for income and capital growth, particularly in the industrial sector. The company is committed to achieving net zero carbon by 2040.
YTD Price Performance: 9.37%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $462.9M
For detailed information about PCTN stock, go to TipRanks’ Stock Analysis page.