Alternative Income REIT (LON:AIRE) Trading Up 0.1% – Here’s What Happened

Alternative Income REIT (LON:AIRE)’s stock price rose 0.1% during mid-day trading on Tuesday . The company traded as high as GBX 69.60 and last traded at GBX 69.60. Approximately 337,455 shares traded hands during trading, an increase of 105% from the average daily volume of 164,826 shares. The stock had previously closed at GBX 69.50.

Alternative Income REIT Stock Up 1.1%

The stock has a market capitalization of £55.54 million, a P/E ratio of 8.03 and a beta of 0.61. The firm’s 50-day simple moving average is GBX 71.72 and its 200 day simple moving average is GBX 73.91.

About Alternative Income REIT

AIRE own and actively manage a diversified portfolio of UK properties let to a range of strong tenant covenants, with a particular focus on alternative and specialist real estate sectors, which generates resilient and growing income returns. Alternative Income REIT PLC aims to offer investors a secure, diversified and inflation-linked income return, whilst at least maintaining capital values in real terms, through exposure to alternative and specialist real estate sectors such as automotive & petroleum, education, healthcare, hotels and industrials.

The Group invests in freehold and long UK leasehold properties across the whole spectrum of the UK property sector, but with a focus on alternative and specialist real estate sectors.