Alternative Income REIT (LON:AIRE) Hits New 12-Month High – Still a Buy?

Shares of Alternative Income REIT (LON:AIRE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 77 and last traded at GBX 76.30, with a volume of 126776 shares traded. The stock had previously closed at GBX 76.

Alternative Income REIT Trading Up 0.4%

The firm has a market capitalization of £61.42 million, a P/E ratio of 8.46 and a beta of 0.80. The business’s 50 day moving average is GBX 73.31 and its two-hundred day moving average is GBX 71.43. The company has a quick ratio of 2.07, a current ratio of 13.51 and a debt-to-equity ratio of 62.70.

About Alternative Income REIT

AIRE own and actively manage a diversified portfolio of UK properties let to a range of strong tenant covenants, with a particular focus on alternative and specialist real estate sectors, which generates resilient and growing income returns. Alternative Income REIT PLC aims to offer investors a secure, diversified and inflation-linked income return, whilst at least maintaining capital values in real terms, through exposure to alternative and specialist real estate sectors such as automotive & petroleum, education, healthcare, hotels and industrials.

The Group invests in freehold and long UK leasehold properties across the whole spectrum of the UK property sector, but with a focus on alternative and specialist real estate sectors.