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The latest announcement is out from Picton Property Income ( (GB:PCTN) ).
Picton Property Income Limited has repurchased and canceled 200,000 of its ordinary shares, traded on the London Stock Exchange, at an average price of 74.4 pence per share. This transaction reduces the total number of shares in issue to 518,827,390, 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 £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
Picton Property Income Limited, established in 2005, is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. It manages a £695 million commercial property portfolio across 46 assets with around 300 occupiers. The company focuses on delivering high performance through an occupier-focused, opportunity-led approach, primarily in the industrial sector, and aims to achieve net zero carbon by 2040.
Average Trading Volume: 915,797
Technical Sentiment Signal: Strong Buy
Current Market Cap: £391.7M
See more data about PCTN stock on TipRanks’ Stock Analysis page.