Picton Property Income ( (GB:PCTN) ) just unveiled an announcement.
Picton Property Income Limited has repurchased and canceled 200,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 71.3 pence per share. This transaction reduces the total number of shares in issue to 537,032,482, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial health and strategic direction.
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 approximately 350 occupiers. Picton focuses on an occupier-centric and opportunity-driven approach, aiming to be a top-performing diversified UK REIT. The portfolio is strategically weighted towards the industrial sector, and Picton is committed to achieving net zero carbon by 2040.
YTD Price Performance: 16.94%
Average Trading Volume: 450
Technical Sentiment Signal: Strong Sell
Current Market Cap: $493.7M
For detailed information about PCTN stock, go to TipRanks’ Stock Analysis page.