abrdn Property Income Trust (LON:API) Hits New 12-Month Low – What’s Next?

abrdn Property Income Trust Limited (LON:API)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 6.06 ($0.08) and last traded at GBX 6.86 ($0.09), with a volume of 3075678 shares trading hands. The stock had previously closed at GBX 6.55 ($0.08).

abrdn Property Income Trust Stock Performance

The business has a 50 day moving average of GBX 52.28 and a 200-day moving average of GBX 54.33. The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.16 and a current ratio of 3.47. The company has a market capitalization of £26.15 million, a P/E ratio of -343.00 and a beta of 0.33.

abrdn Property Income Trust Increases Dividend

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

Insider Buying and Selling

In related news, insider Jill May sold 128,592 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of GBX 61 ($0.76), for a total transaction of £78,441.12 ($98,297.14). 3.21% of the stock is owned by company insiders.

abrdn Property Income Trust Company Profile

Actively managing UK real estate looking for higher yield and capital growth