Alternative Income REIT (LON:AIRE) Trading Up 1% – Time to Buy?

Alternative Income REIT (LON:AIRE)’s share price rose 1% during trading on Thursday . The stock traded as high as GBX 70 ($0.86) and last traded at GBX 69.20 ($0.85). Approximately 116,450 shares were traded during mid-day 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 Performance

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

Alternative Income REIT Cuts Dividend

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

About Alternative Income REIT

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.