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Picton Property Income ( (GB:PCTN) ) has issued an update.
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 75.4 pence per share. This transaction reduces the total number of shares in issue to 517,147,390, impacting the company’s voting rights and potentially affecting shareholder interests under the Financial Conduct Authority’s rules.
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
Established in 2005, Picton Property Income Limited is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. The company manages a £695 million commercial property portfolio across 46 assets with around 300 occupiers, focusing on delivering strong income returns and capital growth. Picton is committed to achieving net zero carbon by 2040 and is strategically weighted towards the industrial sector.
Average Trading Volume: 939,556
Technical Sentiment Signal: Strong Buy
Current Market Cap: £386.2M
For a thorough assessment of PCTN stock, go to TipRanks’ Stock Analysis page.