Alternative Income REIT (LON:AIRE) Trading Up 0.6%

Shares of Alternative Income REIT (LON:AIRE) were up 0.6% during trading on Thursday . The company traded as high as GBX 70.69 ($0.91) and last traded at GBX 69.40 ($0.89). Approximately 178,672 shares traded hands during trading, an increase of 97% from the average daily volume of 90,589 shares. The stock had previously closed at GBX 69 ($0.88).

Alternative Income REIT Price Performance

The business’s 50-day simple moving average is GBX 67.89 and its 200 day simple moving average is GBX 68.01. The company has a market capitalization of £56.19 million, a P/E ratio of 2,326.67 and a beta of 0.78. The company has a current ratio of 3.27, a quick ratio of 2.07 and a debt-to-equity ratio of 62.06.

Alternative Income REIT Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 16th were issued a GBX 1.43 ($0.02) dividend. The ex-dividend date was Thursday, May 16th. This represents a dividend yield of 2.07%. Alternative Income REIT’s dividend payout ratio (DPR) is 20,000.00%.

About Alternative Income REIT

Alternative Income REIT plc aims to generate a sustainable, secure and attractive income return for shareholders from a diversified portfolio of UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group's portfolio are let on long leases which contain inflation linked rent review provisions.