Alternative Income REIT (LON:AIRE) Trading Down 0.5% – What’s Next?

Alternative Income REIT (LON:AIRE) traded down 0.5% during mid-day trading on Thursday . The company traded as low as GBX 70 and last traded at GBX 73.60. Approximately 199,370 shares traded hands during trading, an increase of 2% from the average daily volume of 195,365 shares. The stock had previously closed at GBX 74.

Alternative Income REIT Stock Down 0.5%

The company has a market capitalization of £59.25 million, a P/E ratio of 8.57 and a beta of 0.67. The firm’s 50-day moving average price is GBX 69.81 and its 200 day moving average price is GBX 73.28.

Alternative Income REIT Company Profile

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.