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The latest announcement is out from Picton Property Income ( (GB:PCTN) ).
Picton Property Income Limited announced the purchase and cancellation of 400,000 of its ordinary shares on the London Stock Exchange, aiming to optimize its capital structure. This transaction reduces the total number of shares in issue to 544,831,960, impacting shareholder voting rights and potentially influencing investor interest in compliance with the Financial Conduct Authority’s regulations.
More about Picton Property Income
Picton Property Income Limited, established in 2005, is a UK-based real estate investment trust listed on the London Stock Exchange. The company actively manages a £737 million UK commercial property portfolio, comprising 48 assets and approximately 350 occupiers. With a strategic focus on the industrial sector, Picton aims to deliver superior performance and income returns, and is committed to achieving net zero carbon by 2040.
YTD Price Performance: 5.82%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $452.5M
For a thorough assessment of PCTN stock, go to TipRanks’ Stock Analysis page.
