Alternative Income REIT (LON:AIRE) Shares Up 0.2%

Alternative Income REIT (LON:AIREGet Free Report) shot up 0.2% during trading on Thursday . The company traded as high as GBX 67 ($0.85) and last traded at GBX 66.50 ($0.84). 144,468 shares were traded during mid-day trading, an increase of 58% from the average session volume of 91,235 shares. The stock had previously closed at GBX 66.40 ($0.84).

Alternative Income REIT Price Performance

The company has a market cap of £53.53 million, a price-to-earnings ratio of 2,216.67 and a beta of 0.78. The company has a quick ratio of 2.07, a current ratio of 3.27 and a debt-to-equity ratio of 62.06. The stock’s 50-day simple moving average is GBX 67.52 and its 200 day simple moving average is GBX 68.15.

Alternative Income REIT Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 16th were given a dividend of GBX 1.43 ($0.02) per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a dividend yield of 2.07%. Alternative Income REIT’s dividend payout ratio (DPR) is presently 20,000.00%.

Alternative Income REIT Company Profile

(Get Free Report)

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.

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