abrdn Property Income Trust (LON:API) Reaches New 1-Year Low – What’s Next?

abrdn Property Income Trust Limited (LON:API) reached a new 52-week low on Thursday . The stock traded as low as GBX 5.91 ($0.07) and last traded at GBX 6.31 ($0.08), with a volume of 5652647 shares. The stock had previously closed at GBX 9.37 ($0.12).

abrdn Property Income Trust Price Performance

The company has a current ratio of 3.47, a quick ratio of 0.16 and a debt-to-equity ratio of 47.99. The stock has a market cap of £24.05 million, a price-to-earnings ratio of -315.50 and a beta of 0.33. The stock has a fifty day simple moving average of GBX 58.83 and a 200-day simple moving average of GBX 56.24.

abrdn Property Income Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 17th will be given a GBX 52 ($0.65) dividend. This is a boost from abrdn Property Income Trust’s previous dividend of $3.00. This represents a yield of 85.81%. The ex-dividend date is Tuesday, December 17th. abrdn Property Income Trust’s dividend payout ratio (DPR) is -20,000.00%.

Insider Buying and Selling

In other news, insider Jill May sold 128,592 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.77), for a total value of £78,441.12 ($98,618.46). 3.21% of the stock is owned by company 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.