Shares of Standard Life Investments Property Income Trust Limited (LON:SLI – Get Rating) fell below its two hundred-day moving average during Monday’s trading. The stock has a two hundred day moving average of 81.21 GBX ($0.99) and is trading as low as 79.32 GBX ($0.96). Shares of Standard Life Investments Property Income Trust last traded at 79.80 GBX ($0.97), with volume at 791,170 shares.
The stock’s 50-day moving average price is 82.62 GBX and its 200-day moving average price is 81.21 GBX. The company has a market capitalization of £315.25 million and a price to earnings ratio of 3.71. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt ratio of 27.74.
The company also recently announced a dividend, which was paid on Friday, May 27. Shareholders of record on Thursday, May 12 received a dividend of 1 GBX ($0.01) per share. The ex-dividend date was Thursday, May 12. This represents a dividend yield of 1.21%. Standard Life Investments Property Income Trust’s payout ratio is 18.60%.
In related news, insider Sarah Slater purchased 20,000 shares of Standard Life Investments Property Income Trust stock in a trade dated Wednesday, May 25. The shares were purchased at an average cost of 80 GBX ($0.97) per share, for a total transaction of £16,000 ($19,419.83).
About Standard Life Investments Real Estate Income Trust (LON: SLI)
The objective of the Company is to provide shareholders with an attractive level of income as well as 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 in the three main sectors of commercial property, namely retail, office and industrial, although the Company may also invest in other commercial property such as hotels, retirement homes and student accommodation.
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