The latest announcement is out from Picton Property Income ( (GB:PCTN) ).
Picton Property Income Limited has repurchased and canceled 440,000 of its ordinary shares on the London Stock Exchange, reducing its total shares in issue to 541,854,459. This transaction is part of Picton’s strategy to manage its capital structure and enhance shareholder value, reflecting its commitment to maintaining a strong market position and adapting to evolving market trends.
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 £737 million commercial property portfolio across 48 assets with around 350 occupiers. The company focuses on delivering high income returns and capital growth, particularly in the industrial sector, and aims to be net zero carbon by 2040.
YTD Price Performance: 6.08%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $450.4M
See more data about PCTN stock on TipRanks’ Stock Analysis page.