Alternative Income REIT (LON:AIRE) Trading Up 1% – Here’s What Happened

Alternative Income REIT (LON:AIRE) shares were up 1% during trading on Thursday . The company traded as high as GBX 70 ($0.86) and last traded at GBX 69.20 ($0.85). Approximately 116,450 shares traded hands during trading, an increase of 54% from the average daily volume of 75,379 shares. The stock had previously closed at GBX 68.50 ($0.84).

Alternative Income REIT Stock Up 1.0 %

The firm’s 50-day simple moving average is GBX 69.54 and its 200 day simple moving average is GBX 70.27. 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 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 business also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were issued a GBX 1.55 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a yield of 2.17%. Alternative Income REIT’s dividend payout ratio is presently 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.