Alternative Income REIT (LON:AIRE) Stock Price Up 0.7%

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

Alternative Income REIT Trading Up 0.7 %

The company has a market capitalization of £54.10 million, a price-to-earnings ratio of -960.00 and a beta of 0.76. The company has a 50-day moving average price of GBX 66.70 and a 200-day moving average price of GBX 66.86. The company has a quick ratio of 2.07, a current ratio of 2.76 and a debt-to-equity ratio of 60.55.

Alternative Income REIT Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a GBX 1.43 ($0.02) dividend. This represents a dividend yield of 2.06%. The ex-dividend date was Thursday, February 15th. 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.