An announcement from Picton Property Income ( (GB:PCTN) ) is now available.
Picton Property Income Limited has announced the purchase and cancellation of 200,000 of its ordinary shares, which were acquired through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 538,293,433, impacting voting rights calculations for shareholders. This strategic move is part of Picton’s ongoing efforts to optimize its capital structure and enhance shareholder value.
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 manages a £737 million commercial property portfolio across 48 assets with approximately 350 occupiers. Picton focuses on delivering superior performance and income returns, with a strategic emphasis on the industrial sector. The company is committed to achieving net zero carbon by 2040.
YTD Price Performance: 11.14%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $466.9M
For an in-depth examination of PCTN stock, go to TipRanks’ Stock Analysis page.