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The latest announcement is out from Picton Property Income ( (GB:PCTN) ).
Picton Property Income Limited has initiated a share buyback programme with a budget of £10 million, having already repurchased 648,636 shares for around £0.4 million. The company announced it has given Stifel Nicolaus Europe Limited irrevocable instructions to continue the buyback until 30 April 2025. This strategic move is aimed at optimizing shareholder value as Picton continues to adapt to market trends with a flexible business model.
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 substantial commercial property portfolio valued at £737 million, consisting of 48 assets and approximately 350 occupiers. Picton is known for its occupier-focused, opportunity-led approach and aims to consistently outperform the market, particularly in the industrial sector. It is committed to achieving net zero carbon emissions by 2040.
YTD Price Performance: 2.41%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $439.6M
For detailed information about PCTN stock, go to TipRanks’ Stock Analysis page.
