Alternative Income REIT (LON:AIRE) Trading 0.7% Higher

Alternative Income REIT (LON:AIRE) shot up 0.7% during mid-day trading on Friday . The company traded as high as GBX 67.98 ($0.84) and last traded at GBX 67.20 ($0.83). 12,335 shares were traded during mid-day trading, a decline of 87% from the average session volume of 94,519 shares. The stock had previously closed at GBX 66.70 ($0.82).

Alternative Income REIT Stock Up 0.7 %

The company has a debt-to-equity ratio of 60.55, a current ratio of 2.76 and a quick ratio of 2.07. The stock’s fifty day simple moving average is GBX 66.70 and its 200-day simple moving average is GBX 66.79. The stock has a market cap of £54.10 million, a P/E ratio of -960.00 and a beta of 0.76.

Alternative Income REIT Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a GBX 1.43 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a yield of 2.06%. Alternative Income REIT’s dividend payout ratio is currently -8,571.43%.

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.