Standard Life Investments Property Income Trust Stock Down 0.8 %

Standard Life Investments Property Income Trust Limited (LON:SLIGet Rating)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 81.39 ($0.98) and traded as low as GBX 78.94 ($0.95). Standard Life Investments Property Income Trust shares last traded at GBX 79 ($0.95), with a volume of 413,432 shares traded.

Standard Life Investments Property Income Trust Stock Down 0.8 %

The stock has a market cap of £312.43 million and a price-to-earnings ratio of 3.67. The company has a debt-to-equity ratio of 27.74, a quick ratio of 1.75 and a current ratio of 1.75. The firm’s 50-day simple moving average is GBX 79.57 and its two-hundred day simple moving average is GBX 81.39.

Standard Life Investments Property Income Trust Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 27th. Investors of record on Thursday, May 12th were given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a yield of 1.21%. Standard Life Investments Property Income Trust’s dividend payout ratio is 0.18%.

Insider Activity

In other news, insider Sarah Slater bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The shares were bought at an average cost of GBX 80 ($0.96) per share, for a total transaction of £16,000 ($19,277.11).

Standard Life Investments Property Income Trust Company Profile

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The objective of the Company 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. The majority of the portfolio will be invested in direct holdings within the three main commercial property sectors of retail, office and industrial although the Company may also invest in other commercial property such as hotels, nursing homes and student housing.

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