Picton Property Income ( (GB:PCTN) ) has issued an update.
Picton Property Income Limited announced the purchase and cancellation of 232,482 of its ordinary shares, traded on the London Stock Exchange, at an average price of 71.0 pence per share. This transaction reduces the total number of shares in issue to 536,800,000, impacting shareholder calculations under the Financial Conduct Authority’s rules.
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 around 350 occupiers. Picton focuses on an occupier-led approach, aiming for consistent outperformance in the UK REIT sector, particularly in the industrial sector. The company is committed to achieving net zero carbon by 2040.
YTD Price Performance: 15.95%
Average Trading Volume: 450
Technical Sentiment Signal: Strong Sell
Current Market Cap: $493.6M
For an in-depth examination of PCTN stock, go to TipRanks’ Stock Analysis page.