Alternative Income REIT (LON:AIRE) Trading Down 0.1% – What’s Next?

Alternative Income REIT (LON:AIRE) shares dropped 0.1% on Wednesday . The company traded as low as GBX 67.60 ($0.85) and last traded at GBX 69.24 ($0.87). Approximately 91,947 shares were traded during trading, a decline of 5% from the average daily volume of 96,598 shares. The stock had previously closed at GBX 69.30 ($0.87).

Alternative Income REIT Stock Down 0.1 %

The business’s 50 day moving average price is GBX 70 and its 200-day moving average price is GBX 69.95. 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 £55.74 million, a PE ratio of 2,308.00 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. Stockholders of record on Thursday, November 7th were given a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date was Thursday, November 7th. This represents a dividend yield of 2.17%. Alternative Income REIT’s dividend payout ratio is currently 20,000.00%.

About Alternative Income REIT

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.