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

Shares of Alternative Income REIT (LON:AIRE) traded 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 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 Performance

The stock’s 50-day moving average price is GBX 66.70 and its 200-day moving average price is GBX 66.79. The company has a debt-to-equity ratio of 60.55, a quick ratio of 2.07 and a current ratio of 2.76. The company has a market capitalization of £54.10 million, a price-to-earnings ratio of -960.00 and a beta of 0.76.

Alternative Income REIT Dividend Announcement

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

About Alternative Income REIT

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.