abrdn Property Income Trust (LON:API) Hits New 1-Year Low – Time to Sell?

abrdn Property Income Trust Limited (LON:API)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 5.91 ($0.07) and last traded at GBX 6.31 ($0.08), with a volume of 5652647 shares traded. The stock had previously closed at GBX 9.37 ($0.12).

abrdn Property Income Trust Stock Up 3.5 %

The company has a market cap of £24.89 million, a P/E ratio of -326.50 and a beta of 0.33. The company has a quick ratio of 0.16, a current ratio of 3.47 and a debt-to-equity ratio of 47.99. The company has a fifty day moving average of GBX 56.64 and a 200 day moving average of GBX 55.61.

abrdn Property Income Trust Increases Dividend

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

Insider Activity at abrdn Property Income Trust

In other news, insider Jill May sold 128,592 shares of abrdn Property Income Trust stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of GBX 61 ($0.77), for a total value of £78,441.12 ($98,581.27). 3.21% of the stock is currently 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.