Alternative Income REIT (LON:AIRE) Trading 1.4% Higher – Should You Buy?

Alternative Income REIT (LON:AIRE) traded up 1.4% during mid-day trading on Friday . The stock traded as high as GBX 75 and last traded at GBX 74.63. 264,651 shares were traded during mid-day trading, an increase of 95% from the average session volume of 135,622 shares. The stock had previously closed at GBX 73.60.

Alternative Income REIT Stock Performance

The company has a debt-to-equity ratio of 62.70, a quick ratio of 2.07 and a current ratio of 13.51. The stock has a 50 day moving average of GBX 72.97 and a 200 day moving average of GBX 71.40. The stock has a market capitalization of £60.07 million, a P/E ratio of 8.27 and a beta of 0.80.

Alternative Income REIT (LON:AIRE) last announced its quarterly earnings results on Monday, October 6th. The company reported GBX 6.72 earnings per share (EPS) for the quarter. Alternative Income REIT had a net margin of 29.84% and a return on equity of 3.60%.

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.