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Picton Property Income ( (GB:PCTN) ) has provided an announcement.
Picton Property Income Limited has repurchased and cancelled 200,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 73.8 pence per share. This transaction reduces the total number of shares in issue to 518,247,390, potentially impacting shareholder voting rights and interest notifications as per Financial Conduct Authority guidelines.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £84.00 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 score is driven by strong technical indicators and attractive valuation metrics. However, financial performance is mixed due to revenue and cash flow volatility, which slightly dampens the overall outlook.
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 £695 million commercial property portfolio across 46 assets, focusing on delivering high income returns and capital growth, particularly in the industrial sector. Picton aims to be a top-performing diversified UK REIT and is committed to achieving net zero carbon by 2040.
YTD Price Performance: 21.47%
Average Trading Volume: 932,679
Technical Sentiment Signal: Buy
Current Market Cap: £380.3M
Find detailed analytics on PCTN stock on TipRanks’ Stock Analysis page.