Alternative Income REIT (LON:AIRE) Sets New 52-Week High – Here’s Why

Alternative Income REIT (LON:AIRE)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 74.60 ($0.95) and last traded at GBX 74.60 ($0.95), with a volume of 443325 shares changing hands. The stock had previously closed at GBX 69.20 ($0.89).

Alternative Income REIT Price Performance

The business’s 50 day simple moving average is GBX 69.03 and its 200-day simple moving average is GBX 70. The stock has a market capitalization of £57.16 million, a price-to-earnings ratio of 24.24 and a beta of 0.80. The company has a debt-to-equity ratio of 62.70, a quick ratio of 2.07 and a current ratio of 13.51.

Alternative Income REIT (LON:AIRE) last posted its earnings results on Tuesday, March 4th. The company reported GBX 3.26 ($0.04) EPS for the quarter. Alternative Income REIT had a return on equity of 3.60% and a net margin of 29.84%.

Alternative Income REIT Company Profile

Alternative Income REIT PLC (LSE ticker: AIRE) aims to generate a sustainable, secure and attractive income return for shareholders, including a potentially progressive dividend and capital growth, from a diversified portfolio of resilient UK property investments, predominately in alternative and specialist sectors.