Picton Property Income Limited (LON:PCTN) and Primary Health Properties (LON:PHP) both experienced a decline in their share prices as they crossed below their respective 200-day moving averages. On Thursday, Picton Property Income's stock traded as low as GBX 63 ($0.80), below its 200-day moving average of GBX 65.97 ($0.83). The shares last traded at GBX 65.20 ($0.82). Similarly, Primary Health Properties' shares crossed below its 200-day moving average of $95.10, trading as low as $89.95 and last trading at $91.15 [4eb3b599] [04576a63].
Picton Property Income has a market capitalization of £355.49 million and a PE ratio of -434.67. The company recently paid a dividend of GBX 0.88 ($0.01) per share, representing a yield of 1.31%. Picton Property Income is a UK REIT that owns and actively manages a diversified UK commercial property portfolio. It aims to be one of the consistently best-performing property companies listed on the London Stock Exchange [4eb3b599].
Primary Health Properties has a market capitalization of £1.22 billion and a price-to-earnings ratio of 4,557.50. The company recently paid a dividend of GBX 1.73 ($0.02) per share, representing a yield of 1.86%. Insiders have purchased shares of the company's stock, with Richard Howell and Harry Abraham Hyman acquiring shares at an average cost of GBX 92 ($1.17) per share. Primary Health Properties is a UK-based Real Estate Investment Trust (REIT) focused on modern healthcare properties in the UK and Ireland. JPMorgan Chase & Co. initiated coverage on Primary Health Properties with a 'neutral' rating and a price target of GBX 105 ($1.34) [04576a63].