An update from Picton Property Income ( (GB:PCTN) ) is now available.
Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, trading at an average price of 71.9 pence per share on the London Stock Exchange. This transaction adjusts the total number of shares in issue to 536,400,000, impacting shareholder voting rights and potentially influencing market perceptions of the company’s value 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 around 350 occupiers. Picton focuses on delivering high performance and income returns, particularly in the industrial sector, and aims to achieve net zero carbon by 2040.
YTD Price Performance: 16.71%
Average Trading Volume: 450
Technical Sentiment Signal: Strong Sell
Current Market Cap: $491.6M
For an in-depth examination of PCTN stock, go to TipRanks’ Stock Analysis page.