abrdn Property Income Trust Limited (LON:API – Get Free Report) announced a dividend on Thursday, August 8th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 15th will be paid a dividend of GBX 1 ($0.01) per share on Friday, August 30th. This represents a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 15th. The official announcement can be accessed at this link.
abrdn Property Income Trust Price Performance
Shares of LON:API traded up GBX 0.50 ($0.01) on Friday, hitting GBX 54.60 ($0.70). The stock had a trading volume of 2,016,209 shares, compared to its average volume of 1,508,869. abrdn Property Income Trust has a twelve month low of GBX 44.15 ($0.56) and a twelve month high of GBX 57.90 ($0.74). The company has a debt-to-equity ratio of 42.59, a quick ratio of 0.16 and a current ratio of 1.51. The firm’s 50 day moving average price is GBX 52.89 and its 200-day moving average price is GBX 52.30. The company has a market capitalization of £208.15 million, a price-to-earnings ratio of -240.00 and a beta of 0.31.
Insider Activity
In other news, insider Mike Balfour bought 125,000 shares of abrdn Property Income Trust stock in a transaction dated Friday, May 17th. The shares were bought at an average price of GBX 53 ($0.68) per share, for a total transaction of £66,250 ($84,664.54). In related news, insider Mike Balfour purchased 125,000 shares of abrdn Property Income Trust stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of GBX 53 ($0.68) per share, for a total transaction of £66,250 ($84,664.54). Also, insider Michael Bane purchased 66,700 shares of abrdn Property Income Trust stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average price of GBX 53 ($0.68) per share, for a total transaction of £35,351 ($45,177.00). 3.16% of the stock is owned by corporate insiders.
abrdn Property Income Trust Company Profile
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.
See Also
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