Picton Property Income Reduces Share Count with Recent Buyback

Picton Property Income ( (GB:PCTN) ) has shared an update.

Picton Property Income Limited announced the purchase and cancellation of 200,000 of its own ordinary shares, traded on the London Stock Exchange at an average price of 73.6 pence per share. This transaction reduces the total number of shares in issue to 516,423,154, impacting the company’s voting rights and potentially affecting shareholder calculations under the Financial Conduct Authority’s rules.

The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 stock score is primarily supported by its strong valuation metrics, including a low P/E ratio and high dividend yield, which suggest potential undervaluation. However, financial performance is mixed, with strong profitability offset by revenue and cash flow volatility. Technical indicators are neutral, providing no clear directional bias.

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 high income returns and capital growth, particularly in the industrial sector. Picton is committed to a net zero carbon goal by 2040.

Average Trading Volume: 956,178

Technical Sentiment Signal: Strong Buy

Current Market Cap: £389.4M

For detailed information about PCTN stock, go to TipRanks’ Stock Analysis page.