abrdn Property Income Trust (LON:API) Shares Pass Above 200 Day Moving Average of $52.04
abrdn Property Income Trust Limited (LON:API – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 52.04 ($0.67) and traded as high as GBX 54.30 ($0.70). abrdn Property Income Trust shares last traded at GBX 53.60 ($0.69), with a volume of 689,223 shares traded.
abrdn Property Income Trust Trading Down 0.3 %
The company has a current ratio of 1.51, a quick ratio of 0.16 and a debt-to-equity ratio of 42.59. The company has a market cap of £203.65 million, a P/E ratio of -233.04 and a beta of 0.31. The stock’s 50 day moving average is GBX 52.45 and its 200-day moving average is GBX 52.04.
abrdn Property Income Trust Announces Dividend
The business also recently announced a dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 16th were paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.98%. The ex-dividend date of this dividend was Thursday, May 16th. abrdn Property Income Trust’s dividend payout ratio is currently -1,739.13%.
Insider Buying and Selling at abrdn Property Income Trust
In related news, insider Michael Bane bought 66,700 shares of the stock in a transaction on Friday, May 31st. The shares were acquired at an average price of GBX 53 ($0.69) per share, for a total transaction of £35,351 ($45,720.38). In related news, insider Michael Bane bought 66,700 shares of the stock in a transaction on Friday, May 31st. The shares were acquired at an average price of GBX 53 ($0.69) per share, for a total transaction of £35,351 ($45,720.38). Also, insider Mike Balfour purchased 125,000 shares of abrdn Property Income Trust stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of GBX 53 ($0.69) per share, with a total value of £66,250 ($85,682.88). Company insiders own 3.16% of the company’s stock.
About abrdn Property Income Trust
The objective of abrdn Property Income Trust Limited is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK commercial properties in the industrial, office, retail and other’ sectors, where other’ includes leisure, data centres, student housing, hotels (and apart-hotels) and healthcare.
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