UK Commercial Property REIT (LON:UKCM) Shares Cross Above Two Hundred Day Moving Average of $60.74

Shares of UK Commercial Property REIT (LON:UKCM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 60.74 ($0.77) and traded as high as GBX 68 ($0.86). UK Commercial Property REIT shares last traded at GBX 66.80 ($0.85), with a volume of 1,249,095 shares trading hands.

UK Commercial Property REIT Price Performance

The stock’s fifty day moving average price is GBX 66.11 and its 200-day moving average price is GBX 60.74. The company has a debt-to-equity ratio of 21.40, a current ratio of 2.46 and a quick ratio of 2.58. The firm has a market cap of £868.40 million, a price-to-earnings ratio of -247.41 and a beta of 0.35.

UK Commercial Property REIT Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 1.33%. UK Commercial Property REIT’s dividend payout ratio is currently -1,111.11%.

UK Commercial Property REIT Company Profile

UK Commercial Property REIT Limited (UKCM) is a listed Real Estate Investment Trust (REIT) with a net asset value of £1.1 billion as at 30 June 2023. UKCM is one of the largest diversified REITs in the UK and is a component of the FTSE 250 index made up of the largest 350 companies with a primary listing on the London Stock Exchange.