UK Commercial Property REIT (LON:UKCM) Shares Pass Above 200 Day Moving Average of $77.58

UK Commercial Property REIT Limited (LON:UKCM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 77.58 ($1.01) and traded as high as GBX 78.80 ($1.03). UK Commercial Property REIT shares last traded at GBX 78.30 ($1.02), with a volume of 1,335,563 shares.

Several analysts recently commented on the company. Peel Hunt reiterated an “add” rating and issued a GBX 85 ($1.11) target price on shares of UK Commercial Property REIT in a report on Thursday, August 5th. Peel Hunt reissued an “add” rating and issued a GBX 85 ($1.11) price target on shares of UK Commercial Property REIT in a research report on Thursday, August 5th.

The firm has a market capitalization of £1.02 billion and a P/E ratio of -97.88. The firm has a 50-day moving average of GBX 79.31 and a 200-day moving average of GBX 77.58. The company has a debt-to-equity ratio of 17.56, a quick ratio of 6.04 and a current ratio of 6.40.

The business also recently disclosed a dividend, which was paid on Friday, August 27th. Shareholders of record on Thursday, August 12th were paid a dividend of GBX 0.64 ($0.01) per share. This represents a yield of 0.78%. The ex-dividend date was Thursday, August 12th. UK Commercial Property REIT’s payout ratio is -2.88%.

About UK Commercial Property REIT (LON:UKCM)

UK Commercial Property REIT (UKCPT) was launched in September 2006, registered as a Guernsey investment company and has a full listing on the London Stock Exchange (FTSE 250). The initial offering raised £530m and the proceeds were used to acquire a portfolio of properties from closed life funds held by Phoenix Group Holdings.

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