Alternative Income REIT (LON:AIRE) Shares Up 1% – Here’s Why

Alternative Income REIT (LON:AIRE)’s share price shot up 1% on Thursday . The stock traded as high as GBX 70 ($0.86) and last traded at GBX 69.20 ($0.85). 116,450 shares were traded during mid-day trading, an increase of 54% from the average session volume of 75,379 shares. The stock had previously closed at GBX 68.50 ($0.84).

Alternative Income REIT Price Performance

The company has a debt-to-equity ratio of 62.06, a current ratio of 3.27 and a quick ratio of 2.07. The company’s 50-day moving average price is GBX 69.54 and its 200-day moving average price is GBX 70.27. The company has a market cap of £55.71 million, a P/E ratio of 2,306.67 and a beta of 0.80.

Alternative Income REIT Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a GBX 1.55 ($0.02) dividend. This represents a dividend yield of 2.17%. The ex-dividend date was Thursday, November 7th. Alternative Income REIT’s dividend payout ratio is 20,000.00%.

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.