abrdn Property Income Trust Limited (LON:API) Insider Mike Balfour Acquires 125,000 Shares

abrdn Property Income Trust Limited (LON:API) insider Mike Balfour acquired 125,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was purchased at an average cost of GBX 53 ($0.67) per share, for a total transaction of £66,250 ($84,201.83).

abrdn Property Income Trust Stock Performance

Shares of API stock opened at GBX 51.80 ($0.66) on Thursday. The business has a fifty day moving average of GBX 50.99 and a 200 day moving average of GBX 51.19. The firm has a market capitalization of £197.47 million, a price-to-earnings ratio of -225.22 and a beta of 0.31. The company has a debt-to-equity ratio of 42.59, a current ratio of 1.51 and a quick ratio of 0.16. abrdn Property Income Trust Limited has a 1 year low of GBX 44.15 ($0.56) and a 1 year high of GBX 57.90 ($0.74).

abrdn Property Income Trust Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.98%. abrdn Property Income Trust’s dividend payout ratio (DPR) is -1,739.13%.

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.