Abacus Property Group (ASX:ABP) Stock Crosses Above 50-Day Moving Average of $4.11

Abacus Property Group (ASX:ABP)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.11 and traded as high as $3.94. Abacus Property Group shares last traded at $3.93, with a volume of 1,918,650 shares trading hands.

The company has a current ratio of 2.65, a quick ratio of 1.45 and a debt-to-equity ratio of 37.88. The firm has a market cap of $2.53 billion and a PE ratio of 11.23. The company’s 50-day moving average is A$4.11 and its 200 day moving average is A$3.90.

The company also recently declared a Final dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were given a $0.093 dividend. The ex-dividend date was Thursday, June 27th. This represents a dividend yield of 2.13%. Abacus Property Group’s dividend payout ratio (DPR) is presently 51.43%.

In other news, insider Holly Kramer purchased 6,402 shares of Abacus Property Group stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price of A$3.91 ($2.77) per share, for a total transaction of A$25,031.82 ($17,753.06).

About Abacus Property Group (ASX:ABP)

Abacus Property Group is a leading diversified property group. We specialise in investing in core plus property opportunities in Australia. Abacus was established in 1996. We listed on the ASX in 2002 and are included in the S&P/ASX 200 index. Abacus is a stapled entity that combines the securities in three companies, Abacus Group Holdings Limited, Abacus Group Projects Limited and Abacus Storage Operations Limited, and three trusts, Abacus Trust, Abacus Income Trust and Abacus Storage Property Trust.

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