Alternative Income REIT (LON:AIRE) Reaches New 1-Year High – What’s Next?

Alternative Income REIT (LON:AIRE)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 81 and last traded at GBX 81, with a volume of 222789 shares. The stock had previously closed at GBX 79.

Alternative Income REIT Stock Up 0.3%

The firm has a market cap of £63.51 million, a price-to-earnings ratio of 8.75 and a beta of 0.80. 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 firm has a 50-day moving average price of GBX 75.39 and a two-hundred day moving average price of GBX 71.96.

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.