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Picton Property Income ( (GB:PCTN) ) just unveiled an update.
Picton Property Income Limited has repurchased and cancelled 100,000 of its ordinary shares on the London Stock Exchange, at an average price of 79.1 pence per share. This transaction adjusts the total number of shares in issue to 526,289,205, impacting the voting rights and shareholding calculations for stakeholders in accordance with the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:PCTN) stock is a Buy with a £90.00 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 scores well due to attractive valuation and positive technical indicators, supported by strategic corporate actions like share buybacks enhancing shareholder value. However, financial performance concerns due to revenue volatility and cash flow issues slightly temper the overall score.
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 owns and manages a £723 million commercial property portfolio across 47 assets, focusing primarily on the industrial sector. Picton aims to deliver superior performance and income returns, with a commitment to achieving net zero carbon by 2040.
YTD Price Performance: 27.04%
Average Trading Volume: 1,326,906
Technical Sentiment Signal: Buy
Current Market Cap: £414M
For detailed information about PCTN stock, go to TipRanks’ Stock Analysis page.