Picton Property Income ( (GB:PCTN) ) has issued an update.
Picton Property Income Limited has repurchased 200,000 of its own ordinary shares, which were acquired on the London Stock Exchange at an average price of 69.9 pence per share. This transaction reduces the total number of shares in issue to 537,832,482, impacting shareholder voting rights and potentially enhancing shareholder value through reduced share dilution.
More about Picton Property Income
Picton Property Income Limited, established in 2005, is a UK-based company listed on the London Stock Exchange. It manages a £737 million commercial property portfolio across 48 assets with around 350 occupiers. Picton focuses on being a top-performing diversified UK REIT, with a strategic emphasis on the industrial sector and a commitment to achieving net zero carbon by 2040.
YTD Price Performance: 15.57%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $478M
See more data about PCTN stock on TipRanks’ Stock Analysis page.