North American Income Trust (LON:NAIT) Reaches New 1-Year High – Still a Buy?

North American Income Trust (LON:NAIT)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 333 ($4.32) and last traded at GBX 319.61 ($4.14), with a volume of 700973 shares. The stock had previously closed at GBX 328 ($4.25).

North American Income Trust Trading Down 0.9 %

The business has a 50 day moving average of GBX 312.20 and a 200-day moving average of GBX 300.95. The company has a current ratio of 14.91, a quick ratio of 7.40 and a debt-to-equity ratio of 8.98. The firm has a market capitalization of £417.44 million, a P/E ratio of -4,601.47 and a beta of 0.66.

North American Income Trust Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a GBX 2.70 ($0.04) dividend. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, October 10th. North American Income Trust’s payout ratio is -17,142.86%.

Insider Buying and Selling at North American Income Trust

In other news, insider Charles Park bought 15,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average cost of GBX 321 ($4.16) per share, for a total transaction of £48,150 ($62,443.26). In related news, insider Patrick Edwardson sold 10,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of GBX 317 ($4.11), for a total value of £31,700 ($41,110.10). Also, insider Charles Park purchased 15,000 shares of the stock in a transaction on Thursday, October 10th. The stock was bought at an average cost of GBX 321 ($4.16) per share, for a total transaction of £48,150 ($62,443.26). Corporate insiders own 8.11% of the company’s stock.

About North American Income Trust

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.