Alternative Income REIT (LON:AIRE) Shares Up 0.3%

Alternative Income REIT (LON:AIRE) rose 0.3% during mid-day trading on Friday . The stock traded as high as GBX 71.90 ($0.95) and last traded at GBX 70.50 ($0.93). Approximately 57,620 shares were traded during trading, a decline of 44% from the average daily volume of 102,386 shares. The stock had previously closed at GBX 70.30 ($0.93).

Alternative Income REIT Trading Up 0.3 %

The company has a debt-to-equity ratio of 62.06, a quick ratio of 2.07 and a current ratio of 3.27. The firm has a market capitalization of £56.75 million, a price-to-earnings ratio of 2,350.00 and a beta of 0.80. The business has a fifty day moving average price of GBX 71.11 and a 200 day moving average price of GBX 68.82.

Alternative Income REIT Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a GBX 1.63 ($0.02) dividend. This represents a dividend yield of 2.3%. This is an increase from Alternative Income REIT’s previous dividend of $1.43. The ex-dividend date of this dividend was Thursday, August 15th. Alternative Income REIT’s dividend payout ratio (DPR) is 20,000.00%.

Alternative Income REIT Company Profile

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.