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An update from Picton Property Income ( (GB:PCTN) ) is now available.
Picton Property Income Limited has repurchased and canceled 100,000 of its ordinary shares, reducing the total number of shares in issue to 519,837,000. This transaction, conducted through the London Stock Exchange, is part of Picton’s strategic management of its share capital, potentially impacting shareholder voting rights and interest notifications.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £84.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.
Spark’s Take on GB:PCTN Stock
According to Spark, TipRanks’ AI Analyst, GB:PCTN is a Neutral.
Picton Property Income’s overall score is driven by strong technical indicators and attractive valuation metrics. However, financial performance is mixed due to revenue and cash flow volatility, which slightly dampens the overall outlook.
To see Spark’s full report on GB:PCTN stock, click here.
More about Picton Property Income
Established in 2005, Picton Property Income Limited is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. The company manages a £726 million commercial property portfolio across 47 assets with approximately 350 occupiers. Picton focuses on delivering high performance and income returns, particularly in the industrial sector, and is committed to achieving net zero carbon by 2040.
YTD Price Performance: 29.20%
Average Trading Volume: 900,632
Technical Sentiment Signal: Buy
Current Market Cap: £405.7M
For a thorough assessment of PCTN stock, go to TipRanks’ Stock Analysis page.