Picton Property Income ( (GB:PCTN) ) has issued an announcement.
Picton Property Income Limited has repurchased 550,000 of its ordinary shares for cancellation at an average price of 65.3 pence per share, reducing its total shares in issue to 540,613,433. This transaction, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange, impacts the company’s total voting rights and may affect shareholder notifications under the Financial Conduct Authority’s rules.
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 £737 million commercial property portfolio across 48 assets with around 350 occupiers. The company focuses on delivering upper quartile outperformance and higher income returns, with a strategic emphasis on the industrial sector. Picton is committed to achieving net zero carbon by 2040.
YTD Price Performance: 3.54%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $440.1M
For an in-depth examination of PCTN stock, go to TipRanks’ Stock Analysis page.