Picton Property Income Expands Share Buyback Programme

Picton Property Income ( (GB:PCTN) ) has issued an announcement.

Picton Property Income Limited has announced an update to its share buyback programme, having repurchased and cancelled 16,966,391 Ordinary Shares for approximately £11.7 million since January 2025. The company has increased the programme’s maximum aggregate consideration by 40%, from £12.5 million to £17.5 million, to extend the programme until the upcoming AGM in July 2025, where they will seek shareholder approval to continue repurchasing shares in the following year.

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’s overall stock score of 64 reflects a balance of strengths and challenges. While the company benefits from positive cash flow and strategic corporate actions like share buybacks, it faces significant risks from high valuation metrics and inconsistent profitability. Technical indicators suggest stability, and a strong dividend yield provides a compelling income opportunity, somewhat offsetting valuation concerns.

To see Spark’s full report on GB:PCTN stock, click here.

More about Picton Property Income

Established in 2005, Picton Property Income Limited is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. The company manages a £723 million commercial property portfolio across 47 assets with around 350 occupiers. Picton focuses on an occupier-centric, opportunity-driven approach, aiming to be a top-performing diversified UK REIT, with a strategic emphasis on the industrial sector. The company is committed to achieving net zero carbon by 2040.

Average Trading Volume: 1,594,377

Technical Sentiment Signal: Strong Buy

Current Market Cap: £387.6M

For detailed information about PCTN stock, go to TipRanks’ Stock Analysis page.