abrdn Property Income Trust (LON:API) Hits New 52-Week Low – Should You Sell?

abrdn Property Income Trust Limited (LON:API) hit 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 Stock Performance

The company has a debt-to-equity ratio of 47.99, a current ratio of 3.47 and a quick ratio of 0.16. The firm has a market cap of £24.89 million, a price-to-earnings ratio of -326.50 and a beta of 0.33. The firm has a fifty day simple moving average of GBX 56.64 and a two-hundred day simple 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. Investors of record on Tuesday, December 17th will be given a GBX 52 ($0.65) dividend. This represents a dividend yield of 85.81%. This is an increase from abrdn Property Income Trust’s previous dividend of $3.00. The ex-dividend date is Tuesday, December 17th. abrdn Property Income Trust’s dividend payout ratio is presently -20,000.00%.

Insiders Place Their Bets

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