Alternative Income REIT (LON:AIRE) Trading Up 3.1%

Alternative Income REIT (LON:AIRE)’s stock price was up 3.1% during trading on Friday . The stock traded as high as GBX 73.20 ($0.94) and last traded at GBX 73.20 ($0.94). Approximately 250,405 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 90,766 shares. The stock had previously closed at GBX 71 ($0.91).

Alternative Income REIT Stock Up 3.1 %

The stock has a market cap of £58.93 million, a PE ratio of 2,440.00 and a beta of 0.78. The firm has a fifty day moving average of GBX 68.61 and a 200 day moving average of GBX 67.87. The company has a quick ratio of 2.07, a current ratio of 3.27 and a debt-to-equity ratio of 62.06.

Alternative Income REIT Dividend Announcement

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