Shore Capital Reiterates “Hold” Rating for Palace Capital (LON:PCA)

Shore Capital reiterated their hold rating on shares of Palace Capital (LON:PCA) in a report issued on Thursday morning, Marketbeat reports.

Palace Capital Stock Performance

LON PCA opened at GBX 240 ($2.99) on Thursday. The stock’s 50-day simple moving average is GBX 228.24 and its two-hundred day simple moving average is GBX 223.80. Palace Capital has a twelve month low of GBX 200 ($2.49) and a twelve month high of GBX 265 ($3.30). The company has a quick ratio of 1.78, a current ratio of 1.35 and a debt-to-equity ratio of 18.24. The company has a market capitalization of £90.14 million, a price-to-earnings ratio of -452.83, a PEG ratio of 3.37 and a beta of 0.78.

Palace Capital Announces Dividend

The company also recently declared a dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 21st were given a dividend of GBX 3.75 ($0.05) per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a yield of 1.67%. Palace Capital’s payout ratio is -2,830.19%.

Palace Capital Company Profile

Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the United Kingdom.