An update from Picton Property Income ( (GB:PCTN) ) is now available.
Picton Property Income Limited has announced the purchase and cancellation of 325,000 of its Ordinary Shares, traded on the London Stock Exchange, at an average price of 66.4p per share. This transaction results in a new total of 546,631,960 Ordinary Shares, influencing shareholder calculations under the Financial Conduct Authority’s guidelines, demonstrating Picton’s strategic positioning and commitment to shareholder value.
More about Picton Property Income
Picton Property Income Limited, founded in 2005, is a UK Real Estate Investment Trust (REIT) listed on the London Stock Exchange. It manages a diverse £737 million commercial property portfolio across 48 assets, focusing on the industrial sector. Known for its occupier-focused and opportunity-led approach, Picton aims for consistent upper quartile performance and higher income returns compared to the MSCI Quarterly Property Index.
YTD Price Performance: 2.41%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $448.6M
See more insights into PCTN stock on TipRanks’ Stock Analysis page.