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Picton Property Income (GB:PCTN)
LSE:PCTN

Picton Property Income (PCTN) AI Stock Analysis

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Picton Property Income

(LSE:PCTN)

Rating:68Neutral
Price Target:
1.00p
▼(-98.74%Downside)
Picton Property Income benefits from positive technical indicators and a robust corporate event strategy involving share buybacks, which may enhance shareholder value. However, financial performance shows volatility, which poses some risk. The valuation is reasonable, supported by a solid dividend yield.
Positive Factors
Asset Sales
Picton has completed the sale of Longcross, Cardiff, for £8.4m, in line with the December valuation, but a 21% premium to the March 2024 book valuation.
Balance Sheet
The balance sheet is in excellent health, with the LTV 25% and falling.
Portfolio Performance
Picton's property portfolio continues to exceed the MSCI UK Monthly All Property Index, which showed capital growth of 1.2% over the quarter, such that the company is on course for its 11th consecutive year of outperformance, driven by consistently superior sector and asset allocation decisions.
Negative Factors
Market Performance
Picton's shares are trading at a 26% discount to NTA, and offer a fully-covered dividend of 5.1%.
Share Valuation
Despite the company's portfolio comprising 62% of Industrial/Logistics assets, the shares are trading at a 38% discount to NAV, which we think constitutes a value opportunity, hence our Buy rating.

Picton Property Income (PCTN) vs. iShares MSCI United Kingdom ETF (EWC)

Picton Property Income Business Overview & Revenue Model

Company DescriptionPicton, established in 2005, is a UK REIT. It owns and actively manages a £665 million diversified UK commercial property portfolio, invested across 47 assets and with around 350 occupiers (as at 31 March 2020). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.
How the Company Makes MoneyPicton Property Income generates revenue primarily through rental income from its portfolio of commercial properties. The company leases office, industrial, and retail spaces to a variety of tenants, creating a steady stream of income from rent payments. Additionally, Picton Property Income actively engages in asset management and property enhancement activities to increase the value of its properties, which can lead to higher rental rates and potential capital gains. The company may also make strategic acquisitions and disposals to optimize its portfolio and maximize returns. Partnerships with property managers and real estate agents can further enhance operational efficiency and occupancy rates, contributing to the company's earnings.

Picton Property Income Financial Statement Overview

Summary
Picton Property Income exhibits strong profitability margins and a stable balance sheet with low leverage. However, irregular revenue and earnings patterns, coupled with cash flow volatility, suggest challenges in maintaining stable financial performance.
Income Statement
45
Neutral
Picton Property Income has shown inconsistent revenue trends with a significant revenue drop in 2023, followed by a recovery. Gross and net profit margins are relatively strong at 69.7% and 69.1% respectively for 2025, indicating effective cost management. However, the drastic fluctuation in net income, including a negative net profit in 2024, suggests volatility in earnings.
Balance Sheet
60
Neutral
The balance sheet reflects a strong equity position with a high equity ratio of 69.8% in 2025, highlighting financial stability. The debt-to-equity ratio of 0.40 is conservative, suggesting low leverage. However, the decline in total assets and equity over the years needs attention.
Cash Flow
50
Neutral
Operating cash flow is positive and showed growth from prior years, with a free cash flow to net income ratio of 0.67 for 2025 indicating good cash generation relative to earnings. However, the significant volatility in free cash flow growth and financing cash outflows pose potential liquidity risks.
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue54.02M54.69M-67.73M169.09M49.91M
Gross Profit37.68M37.89M-83.46M157.83M40.02M
EBITDA30.72M30.82M0.000.0028.07M
Net Income37.32M-4.79M-98.28M146.99M33.80M
Balance Sheet
Total Assets764.64M773.92M792.56M895.81M712.47M
Cash, Cash Equivalents and Short-Term Investments35.32M19.77M20.05M38.55M23.36M
Total Debt211.21M228.82M225.46M219.54M165.47M
Total Liabilities231.26M249.44M244.93M238.68M184.27M
Stockholders Equity533.38M524.48M547.62M657.13M528.20M
Cash Flow
Free Cash Flow24.91M20.20M23.02M20.01M18.30M
Operating Cash Flow24.92M20.21M23.03M20.01M18.57M
Investing Cash Flow37.69M-4.46M-26.76M-33.83M-1.30M
Financing Cash Flow-47.07M-16.02M-14.59M29.01M-17.48M

Picton Property Income Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price79.30
Price Trends
50DMA
77.64
Positive
100DMA
72.89
Positive
200DMA
69.08
Positive
Market Momentum
MACD
0.46
Positive
RSI
50.82
Neutral
STOCH
20.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PCTN, the sentiment is Neutral. The current price of 79.3 is below the 20-day moving average (MA) of 80.27, above the 50-day MA of 77.64, and above the 200-day MA of 69.08, indicating a neutral trend. The MACD of 0.46 indicates Positive momentum. The RSI at 50.82 is Neutral, neither overbought nor oversold. The STOCH value of 20.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:PCTN.

Picton Property Income Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
£377.05M9.399.14%738.01%7.81%
70
Neutral
£60.05M11.757.77%831.10%4.10%88.43%
68
Neutral
$415.33M11.567.04%479.19%-1.23%
68
Neutral
£172.37M19.055.56%735.29%
68
Neutral
£265.59M87.581.05%660.77%
63
Neutral
$6.92B18.42-1.93%6.88%4.65%-25.39%
GBPCA
58
Neutral
£64.13M48.901.67%675.67%-49.23%49.40%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:PCTN
Picton Property Income
79.30
15.22
23.75%
GB:AEWU
AEW UK REIT
110.40
27.44
33.08%
GB:CREI
Custodian REIT
81.40
9.60
13.37%
GB:PCA
Palace Capital
223.00
7.06
3.27%
GB:SREI
Schroder Real Estate ate ate Investment
54.10
11.15
25.96%
GB:AIRE
Alternative Income REIT Plc
74.60
11.07
17.42%

Picton Property Income Corporate Events

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Jul 10, 2025

Picton Property Income Limited has repurchased and canceled 100,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 79.4 pence per share. This transaction reduces the total number of shares in issue to 526,489,205, potentially impacting shareholder voting rights and interest notifications under regulatory guidelines.

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.

Stock Buyback
Picton Property Income Executes Share Buyback
Neutral
Jul 9, 2025

Picton Property Income Limited has repurchased and cancelled 100,000 of its ordinary shares, which were bought through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 526,589,205, impacting shareholder calculations under 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.

Stock Buyback
Picton Property Income Reduces Share Count with Latest Buyback
Neutral
Jul 8, 2025

Picton Property Income Limited has repurchased and cancelled 100,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 80.6 pence per share. This transaction reduces the total number of shares in issue to 526,689,205, impacting the voting rights calculations for shareholders under 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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Positive
Jul 7, 2025

Picton Property Income Limited has repurchased and cancelled 100,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 79.4 pence per share. This transaction reduces the total number of shares in issue to 526,789,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing the share count.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Positive
Jul 4, 2025

Picton Property Income Limited has repurchased and canceled 150,000 of its Ordinary Shares, trading on the London Stock Exchange at an average price of 79.7 pence per share. This transaction reduces the total number of shares in issue to 526,889,205, impacting shareholder voting rights and potentially enhancing shareholder value by increasing earnings per share.

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.

Executive/Board ChangesBusiness Operations and Strategy
Picton Property Income Grants Managerial Share Awards and Updates Performance Metrics
Neutral
Jul 3, 2025

Picton Property Income Limited has granted share awards to its managerial personnel under its Long Term Incentive Plan and Deferred Bonus Plan. These awards are contingent on performance conditions and continued employment, with vesting periods extending to 2027 and 2028. The company has also revised its Total Shareholder Return performance metric due to changes in its peer group, aligning it with broader industry indices. This move reflects Picton’s strategic focus on aligning management incentives with shareholder returns and adapting to market conditions.

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.

Stock Buyback
Picton Property Income Limited Cancels 100,000 Shares
Neutral
Jul 3, 2025

Picton Property Income Limited has announced the purchase and cancellation of 100,000 of its Ordinary Shares, traded on the London Stock Exchange, at an average price of 79.8 pence per share. This transaction reduces the total number of shares in issue to 527,039,205, impacting the voting rights calculations for shareholders under 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.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Adjusts Share Capital with Recent Buyback
Positive
Jul 2, 2025

Picton Property Income Limited has repurchased and canceled 150,000 of its Ordinary Shares on the London Stock Exchange, adjusting its total voting rights to 527,139,205 shares. This transaction is part of Picton’s strategic management of its share capital, potentially enhancing shareholder value and aligning with its long-term market positioning.

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.

Regulatory Filings and Compliance
Picton Property Income Announces Total Voting Rights
Neutral
Jun 30, 2025

Picton Property Income Limited has announced its total voting rights as of 30 June 2025, with an issued share capital consisting of 527,289,205 Ordinary Shares. This information is crucial for shareholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules. The announcement reflects Picton’s transparency and regulatory compliance, potentially impacting shareholder engagement and market perception.

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.

Business Operations and StrategyRegulatory Filings and Compliance
Picton Property Income Announces Change in Voting Rights Structure
Neutral
Jun 27, 2025

Picton Property Income Limited, a non-UK issuer, has experienced a change in the breakdown of its voting rights due to a passive crossing related to a share capital change. Ameriprise Financial, Inc., based in the United States, has notified Picton Property Income of this change, with the total voting rights now standing at 15.006%. This adjustment in voting rights could impact the company’s governance and decision-making processes, potentially affecting its strategic direction and stakeholder interests.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Positive
Jun 26, 2025

Picton Property Income Limited has repurchased and canceled 100,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 81.3 pence per share. This transaction reduces the total number of shares in issue to 527,289,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing share dilution.

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.

Executive/Board ChangesBusiness Operations and Strategy
Picton Property Income Announces Share Awards Vesting for Key Executives
Neutral
Jun 25, 2025

Picton Property Income Limited announced the vesting of share awards under its Long-term Incentive Plan and Deferred Bonus Plan for key managerial personnel. The vested shares, some of which were sold to cover tax liabilities, reflect the company’s ongoing commitment to aligning management incentives with shareholder interests, potentially impacting its market positioning and stakeholder confidence.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Jun 25, 2025

Picton Property Income Limited announced the purchase and cancellation of 150,000 of its ordinary shares on the London Stock Exchange, at an average price of 80.9 pence per share. This transaction reduces the total number of shares in issue to 527,389,205, impacting shareholder voting rights and potentially influencing market perceptions of the company’s value.

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.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Cancels 100,000 Shares in Strategic Buyback
Positive
Jun 24, 2025

Picton Property Income Limited has repurchased and canceled 100,000 of its ordinary shares on the London Stock Exchange, reflecting a strategic move to manage its share capital. This transaction reduces the total number of shares in issue to 527,539,205, impacting shareholder calculations under the Financial Conduct Authority’s rules and potentially enhancing shareholder value.

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.

Business Operations and StrategyRegulatory Filings and Compliance
Ameriprise Financial Increases Stake in Picton Property Income
Neutral
Jun 23, 2025

Ameriprise Financial, Inc., based in Minneapolis, USA, has made a significant acquisition of voting rights in Picton Property Income Limited, crossing a notable threshold on June 18, 2025. This change in holdings, notified on June 20, 2025, reflects a shift in the company’s voting rights from 15.127% to 14.991%, potentially impacting its strategic decisions and stakeholder interests.

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.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Reduces Share Capital with Recent Buyback
Positive
Jun 23, 2025

Picton Property Income Limited has repurchased and canceled 200,000 of its ordinary shares at an average price of 80.1 pence per share, reducing its total shares in issue to 527,639,205. This transaction reflects the company’s ongoing strategy to manage its share capital effectively, potentially enhancing shareholder value and maintaining its position as a leading diversified UK REIT.

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.

Stock Buyback
Picton Property Income Cancels 100,000 Shares to Optimize Shareholder Value
Positive
Jun 20, 2025

Picton Property Income Limited announced the purchase and cancellation of 100,000 of its Ordinary Shares, traded on the London Stock Exchange at an average price of 81.1 pence per share. This transaction reduces the total number of shares in issue to 527,839,205, impacting shareholder voting rights and potentially enhancing the company’s share value by decreasing supply.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Jun 19, 2025

Picton Property Income Limited announced the purchase and cancellation of 100,000 of its Ordinary Shares, traded on the London Stock Exchange at an average price of 81.4 pence per share. This transaction reduces the total number of shares in issue to 527,939,205, impacting the voting rights and shareholding calculations for stakeholders under 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.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Executes Share Buyback Strategy
Neutral
Jun 18, 2025

Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, as part of its ongoing capital management strategy. This transaction, conducted on the London Stock Exchange, reduces the total number of shares in issue to 528,039,205, which may affect shareholder voting rights and interest notifications under regulatory 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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Jun 17, 2025

Picton Property Income Limited has repurchased and canceled 100,000 of its Ordinary Shares, which were traded on the London Stock Exchange at an average price of 81.6 pence per share. This transaction reduces the total number of shares in issue to 528,239,205, affecting shareholder voting rights and potentially signaling confidence in the company’s market value.

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.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Executes Share Buyback to Optimize Capital Structure
Positive
Jun 16, 2025

Picton Property Income Limited has repurchased and canceled 100,000 of its ordinary shares, a move that reflects its strategy to manage share capital effectively. This transaction, conducted on the London Stock Exchange, leaves the company with 528,339,205 shares in issue, impacting shareholder voting rights and potentially enhancing shareholder value.

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.

DividendsBusiness Operations and Strategy
Picton Property Income: New Research Highlights Growth Prospects
Positive
Jun 16, 2025

Picton Property Income has been the subject of a new research report by Kepler Trust Intelligence, aimed at providing long-term investors with a comprehensive analysis of the trust’s performance and prospects. The report, available for UK investors, highlights Picton’s return to dividend and capital growth, potentially impacting its market position and offering insights into its future trajectory.

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.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Executes Share Buyback to Strengthen Market Position
Positive
Jun 13, 2025

Picton Property Income Limited has repurchased and canceled 50,000 of its ordinary shares on the London Stock Exchange, reducing its total shares in issue to 528,439,205. This transaction is part of Picton’s strategy to manage its capital structure and enhance shareholder value, reflecting its commitment to maintaining a strong market position and adapting to evolving market trends.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Jun 12, 2025

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 80.5 pence per share. This transaction reduces the total number of shares in issue to 528,489,205, impacting shareholder calculations under 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.

Executive/Board Changes
Picton Property Income Announces New Directorship Appointment
Positive
Jun 11, 2025

Picton Property Income Limited announced the appointment of Helen Beck as an Independent Non-Executive Director at St James’s Place plc, effective from 1 July 2025. This strategic move may enhance Picton’s industry positioning by strengthening its leadership team, potentially impacting its operations and stakeholder relations positively.

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.

Stock Buyback
Picton Property Income Repurchases 200,000 Shares
Neutral
Jun 11, 2025

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 80.8 pence per share. This transaction reduces the total number of shares in issue to 528,689,205, impacting shareholder calculations under 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.

Stock Buyback
Picton Property Income Repurchases Shares, Adjusts Total Voting Rights
Neutral
Jun 10, 2025

Picton Property Income Limited has repurchased and canceled 150,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 79.5 pence per share. This transaction reduces the total number of shares in issue to 528,889,205, affecting shareholder voting rights and potentially signaling confidence in the company’s market position and future prospects.

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.

Stock Buyback
Picton Property Income Reduces Share Supply with Recent Buyback
Positive
Jun 9, 2025

Picton Property Income Limited announced the purchase and cancellation of 150,000 of its ordinary shares on the London Stock Exchange, at an average price of 78.3 pence per share. This transaction reduces the total number of shares in issue to 529,039,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing share supply.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Jun 6, 2025

Picton Property Income Limited has repurchased and canceled 150,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 77.8 pence per share. This transaction reduces the total number of shares in issue to 529,189,205, impacting shareholder voting rights and potentially signaling confidence in the company’s market position.

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.

Stock Buyback
Picton Property Income Reduces Share Count Through Repurchase
Positive
Jun 5, 2025

Picton Property Income Limited has repurchased and canceled 150,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 77.7 pence per share. This transaction reduces the total number of shares in issue to 529,339,205, impacting shareholder voting rights and potentially enhancing shareholder value by consolidating ownership.

The most recent analyst rating on (GB:PCTN) stock is a Buy with a £0.82 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Executes Share Buyback Strategy
Neutral
Jun 4, 2025

Picton Property Income Limited has repurchased and cancelled 150,000 of its ordinary shares on the London Stock Exchange, reducing its total shares in issue to 529,489,205. This transaction impacts the company’s voting rights and may influence shareholder notifications under regulatory guidelines, reflecting Picton’s ongoing strategic financial management.

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.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Announces Share Buyback
Positive
Jun 3, 2025

Picton Property Income Limited has repurchased and canceled 150,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 77.8 pence per share. This transaction reduces the total number of shares in issue to 529,639,205, impacting shareholder calculations under the Financial Conduct Authority’s rules. The move is part of Picton’s strategic management of its share capital, reflecting its commitment to enhancing shareholder value.

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.

Shareholder MeetingsFinancial Disclosures
Picton Property Income Releases 2025 Annual Report and AGM Details
Positive
Jun 2, 2025

Picton Property Income Limited has published its 2025 Annual Report and announced the details of its upcoming Annual General Meeting (AGM) scheduled for 30 July 2025. The company will also release its 2025 Sustainability Data Performance Report by the end of June. An online presentation for shareholders will follow the AGM, allowing for interactive participation. These announcements reflect Picton’s commitment to transparency and stakeholder engagement, potentially reinforcing its market position and investor confidence.

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.

Regulatory Filings and Compliance
Picton Property Income Announces Total Voting Rights Update
Neutral
Jun 2, 2025

Picton Property Income Limited has announced that as of May 30, 2025, its total issued share capital consists of 529,789,205 Ordinary Shares with voting rights, with none held in treasury. This information is crucial for shareholders to determine their reporting obligations under the FCA’s Disclosure Guidance and Transparency Rules. The announcement underscores Picton’s transparency and regulatory compliance, which may impact shareholder engagement and market perception.

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.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Announces Share Buyback and Cancellation
Neutral
Jun 2, 2025

Picton Property Income Limited announced the purchase and cancellation of 150,000 of its Ordinary Shares, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of Ordinary Shares in issue to 529,789,205, affecting shareholder voting rights calculations under the Financial Conduct Authority’s rules. This move reflects Picton’s strategic management of its share capital, potentially impacting shareholder value and market perception.

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.

Business Operations and StrategyRegulatory Filings and Compliance
Picton Property Income Announces Changes in Voting Rights Structure
Neutral
May 29, 2025

Picton Property Income Limited has announced a change in its voting rights structure following an acquisition or disposal of shares. Rathbones Investment Management Ltd and other associated entities have adjusted their holdings, resulting in a decrease in their voting rights from 12.9581% to 11.9951%. This change reflects a strategic shift in shareholding and could influence the company’s governance and decision-making processes.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
May 29, 2025

Picton Property Income Limited has repurchased and cancelled 250,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 76.3 pence per share. This transaction reduces the total number of shares in issue to 529,939,205, impacting the company’s voting rights and potentially affecting shareholder interests as per 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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Positive
May 28, 2025

Picton Property Income Limited has repurchased and canceled 150,000 of its Ordinary Shares, traded on the London Stock Exchange, at an average price of 74.6 pence per share. This transaction reduces the total number of shares in issue to 530,189,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing the share count.

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.

Business Operations and StrategyRegulatory Filings and Compliance
Picton Property Income Directors Increase Shareholdings
Positive
May 27, 2025

Picton Property Income Limited announced that its Chair, Francis Salway, and a person closely associated with Non-Executive Director Helen Beck, acquired shares in the company. These transactions reflect a minor increase in their ownership stakes, with Salway now holding 275,000 shares and Beck holding 20,371 shares. This move is part of the company’s ongoing compliance with the UK Market Abuse Regulation and indicates confidence in Picton’s strategic positioning and future growth potential.

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.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Reduces Share Capital with Recent Buyback
Neutral
May 27, 2025

Picton Property Income Limited has repurchased and cancelled 150,000 of its ordinary shares, reducing the total shares in issue to 530,339,205. This transaction, executed on the London Stock Exchange, is part of Picton’s strategic management of its share capital, potentially impacting shareholder interests and voting rights.

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.

DividendsFinancial Disclosures
Picton Property Income Reports Strong 2025 Financial Results
Positive
May 23, 2025

Picton Property Income Limited reported a strong financial performance for the year ending March 31, 2025, with a NAV total return of 8.1% and profits of £37 million. The company outperformed the MSCI UK Quarterly Property Index for the 12th consecutive year, highlighting its robust market positioning. The NAV per share increased by 4.2%, and dividends rose by 5.7%, reflecting the company’s solid financial health. Despite macroeconomic headwinds, Picton Property Income experienced a rise in property values and rental growth, while reducing gearing costs. The recent UK interest rate cut could further narrow the discount on REITs, potentially benefiting Picton’s market valuation.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Positive
May 23, 2025

Picton Property Income Limited has repurchased and canceled 150,000 of its Ordinary Shares, trading on the London Stock Exchange at an average price of 73.1 pence per share. This transaction reduces the total number of shares in issue to 530,489,205, impacting shareholder voting rights and potentially enhancing shareholder value by consolidating ownership.

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.

Shareholder MeetingsStock Buyback
Picton Property Income Expands Share Buyback Programme
Neutral
May 22, 2025

Picton Property Income Limited has announced an update to its share buyback programme, having repurchased and cancelled 16,966,391 Ordinary Shares for approximately £11.7 million since January 2025. The company has increased the programme’s maximum aggregate consideration by 40%, from £12.5 million to £17.5 million, to extend the programme until the upcoming AGM in July 2025, where they will seek shareholder approval to continue repurchasing shares in the following year.

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.

Stock Buyback
Picton Property Income Limited Repurchases Shares to Optimize Capital Structure
Neutral
May 22, 2025

Picton Property Income Limited has repurchased and cancelled 150,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 72.8p per share. This transaction reduces the total number of shares in issue to 530,639,205, impacting the company’s voting rights and potentially influencing shareholder calculations under 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.

Stock BuybackDividendsBusiness Operations and StrategyFinancial Disclosures
Picton Property Income Reports Strong Annual Results and Strategic Portfolio Repositioning
Positive
May 22, 2025

Picton Property Income Limited has reported strong financial results for the year ending 31 March 2025, with a profit of £37 million and a 5% growth in EPRA earnings. The company has increased its net assets by 4% and announced a 2.7% dividend increase, marking the fifth consecutive year of growth. Picton has successfully repositioned its portfolio, improved occupancy rates to 94%, and reduced office exposure by a fifth through strategic disposals. The company has also initiated a share buyback program and reduced its financing costs, positioning itself for further income and value growth. Picton’s continued outperformance against the MSCI UK Quarterly Property Index and its strategic asset management initiatives have reinforced its market positioning and potential for future earnings growth.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Positive
May 21, 2025

Picton Property Income Limited has announced the purchase and cancellation of 250,000 of its Ordinary Shares, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 530,789,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing share dilution.

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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
May 13, 2025

Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, trading on the London Stock Exchange at an average price of 74.7 pence per share. This transaction reduces the total number of shares in issue to 531,289,205, impacting the company’s voting rights and shareholder calculations under 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.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
May 12, 2025

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 75.2 pence per share. This transaction reduces the total number of shares in issue to 531,489,205, impacting the voting rights and potentially altering shareholder interest calculations under the Financial Conduct Authority’s rules.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Positive
May 9, 2025

Picton Property Income Limited has repurchased and cancelled 250,000 of its ordinary shares, traded on the London Stock Exchange, at an average price of 76.3 pence per share. This transaction reduces the total number of shares in issue to 531,689,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing share dilution.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Executes Share Buyback Strategy
Neutral
May 8, 2025

Picton Property Income Limited announced the purchase and cancellation of 200,000 of its own ordinary shares, reducing the total number of shares in issue to 531,939,205. This transaction, conducted through Stifel Nicolaus Europe Limited on the London Stock Exchange, is part of Picton’s strategy to manage its share capital effectively, potentially impacting shareholder voting rights and interest notifications.

Stock Buyback
Picton Property Income Cancels 250,000 Shares, Adjusts Voting Rights
Neutral
May 6, 2025

Picton Property Income Limited has repurchased and canceled 250,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 76.6 pence per share. This transaction reduces the total number of shares in issue to 532,139,205, impacting the company’s voting rights and potentially influencing shareholder interests under the Financial Conduct Authority’s rules.

DividendsBusiness Operations and Strategy
Picton Property Income Announces Dividend Increase
Positive
May 6, 2025

Picton Property Income Limited has announced a 2.7% increase in its interim dividend, raising it to 0.95 pence per share for the financial period from January to March 2025. This increase reflects Picton’s strategic focus on delivering consistent income returns and capital growth, reinforcing its position as a leading diversified UK REIT.

Business Operations and Strategy
Picton Property Secures Innovative Development Approval in London
Positive
May 6, 2025

Picton Property Income Limited has secured approval to add a new residential floor above its office building at 50 Farringdon Road, London, marking the first such approval under Class AB Permitted Development in Islington. This development aligns with Picton’s strategy to enhance value from its office portfolio and demonstrates its ability to adapt to market trends, potentially benefiting stakeholders by increasing asset value and income potential.

Regulatory Filings and Compliance
Picton Property Income Announces Total Voting Rights Update
Neutral
May 2, 2025

Picton Property Income Limited has announced that as of April 30, 2025, its issued share capital consists of 532,589,205 ordinary shares with voting rights. This information is crucial for shareholders to determine their reporting obligations under the FCA’s Disclosure Guidance and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Reduces Share Capital with Strategic Buyback
Positive
May 2, 2025

Picton Property Income Limited announced the purchase and cancellation of 200,000 of its ordinary shares, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 532,389,205, impacting voting rights and shareholder calculations under the Financial Conduct Authority’s rules. The move is part of Picton’s strategic management of its share capital, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.

Private Placements and FinancingBusiness Operations and Strategy
Picton Property Income Secures New £50 Million Credit Facility with NatWest
Positive
May 2, 2025

Picton Property Income Limited has refinanced its £50 million revolving credit facility with NatWest, extending its term for three years with options for two additional one-year extensions. This refinancing, which maintains operational flexibility and investment opportunities, complements Picton’s fixed borrowings of £210 million at an average interest rate of 3.7% maturing in 2031, strengthening its financial position and ongoing relationship with NatWest.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Announces Share Repurchase
Neutral
May 1, 2025

Picton Property Income Limited has repurchased and canceled 400,000 of its Ordinary Shares at an average price of 76.0 pence per share, reducing its total shares in issue to 532,589,205. This transaction, conducted through Stifel Nicolaus Europe Limited on the London Stock Exchange, reflects Picton’s strategic approach to managing its share capital and may impact shareholder calculations under the Financial Conduct Authority’s rules.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Apr 30, 2025

Picton Property Income Limited has repurchased and canceled 300,000 of its ordinary shares, reducing its total shares in issue to 532,989,205. This transaction, conducted through the London Stock Exchange, reflects the company’s strategic approach to managing its capital and shareholder interests, potentially impacting its market positioning and stakeholder calculations under the Financial Conduct Authority’s rules.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Apr 29, 2025

Picton Property Income Limited announced the purchase and cancellation of 200,000 of its Ordinary Shares on the London Stock Exchange, reducing its total number of shares in issue to 533,289,205. This transaction affects the company’s total voting rights and may impact shareholder notifications under the Financial Conduct Authority’s rules.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Apr 28, 2025

Picton Property Income Limited announced the purchase and cancellation of 200,000 of its ordinary shares 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 533,489,205, which impacts the company’s voting rights and shareholder notifications under the Financial Conduct Authority’s rules.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Announces Share Repurchase
Positive
Apr 25, 2025

Picton Property Income Limited has repurchased and canceled 400,000 of its ordinary shares on the London Stock Exchange, reducing its total shares in issue to 533,689,205. This transaction is part of Picton’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its agile approach to adapting to market trends and maintaining strong performance.

Stock Buyback
Picton Property Income Announces Share Buyback and Cancellation
Neutral
Apr 24, 2025

Picton Property Income Limited has announced the purchase and cancellation of 400,000 of its Ordinary Shares, traded on the London Stock Exchange, at an average price of 73.0 pence per share. This transaction reduces the total number of shares in issue to 534,089,205, impacting the company’s voting rights and shareholder notifications under the Financial Conduct Authority’s guidelines.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Reduces Share Capital with Recent Buyback
Neutral
Apr 23, 2025

Picton Property Income Limited has repurchased and cancelled 200,000 of its Ordinary Shares, reducing its total shares in issue to 534,489,205. This transaction, conducted on the London Stock Exchange, reflects Picton’s strategic efforts to manage its share capital and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Repurchases Shares to Optimize Capital Structure
Positive
Apr 22, 2025

Picton Property Income Limited has repurchased 200,000 of its Ordinary Shares for cancellation, reducing the total number of shares in issue to 534,689,205. This transaction, conducted on the London Stock Exchange, reflects Picton’s strategic management of its share capital, potentially enhancing shareholder value and aligning with its long-term market positioning.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Neutral
Apr 17, 2025

Picton Property Income Limited announced the purchase and cancellation of 200,000 of its Ordinary Shares, trading on the London Stock Exchange at an average price of 71.1 pence per share. This transaction reduces the total number of shares in issue to 534,889,205, impacting the company’s voting rights and potentially influencing shareholder calculations under regulatory guidelines.

Stock Buyback
Picton Property Income Reduces Share Count with Recent Buyback
Positive
Apr 16, 2025

Picton Property Income Limited has repurchased and canceled 159,564 of its Ordinary Shares, trading on the London Stock Exchange at an average price of 70.8 pence per share. This transaction reduces the total number of shares in issue to 535,089,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing the share count.

Stock BuybackBusiness Operations and Strategy
Picton Property Income Repurchases 200,000 Shares
Positive
Apr 15, 2025

Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, as part of its strategic financial management. This transaction, conducted through Stifel Nicolaus Europe Limited on the London Stock Exchange, reflects Picton’s ongoing efforts to optimize its capital structure and enhance shareholder value.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 08, 2025