North American Income Trust (LON:NAIT) Hits New 1-Year High – Should You Buy?

North American Income Trust (LON:NAIT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 333 ($4.32) and last traded at GBX 319.61 ($4.15), with a volume of 700973 shares trading hands. The stock had previously closed at GBX 328 ($4.26).

North American Income Trust Stock Performance

The business’s fifty day simple moving average is GBX 311.63 and its 200-day simple moving average is GBX 300.56. The company has a debt-to-equity ratio of 8.98, a quick ratio of 7.40 and a current ratio of 14.91. The company has a market capitalization of £414.34 million, a P/E ratio of -4,640.39 and a beta of 0.66.

North American Income Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a GBX 2.70 ($0.04) dividend. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 0.88%. North American Income Trust’s dividend payout ratio (DPR) is presently -17,142.86%.

Insider Buying and Selling

In other news, insider Charles Park purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average cost of GBX 321 ($4.17) per share, with a total value of £48,150 ($62,516.23). In related news, insider Charles Park acquired 15,000 shares of the stock in a transaction on Thursday, October 10th. The stock was bought at an average cost of GBX 321 ($4.17) per share, with a total value of £48,150 ($62,516.23). Also, insider Patrick Edwardson sold 10,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of GBX 317 ($4.12), for a total transaction of £31,700 ($41,158.14). 8.11% of the stock is owned by corporate insiders.

About North American Income Trust

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.