Alternative Income REIT (LON:AIRE) Sets New 12-Month Low – What’s Next?

Shares of Alternative Income REIT (LON:AIRE) hit a new 52-week low during trading on Friday . The company traded as low as GBX 66.04 and last traded at GBX 67.60, with a volume of 193433 shares traded. The stock had previously closed at GBX 68.

Alternative Income REIT Stock Down 0.6%

The stock has a market cap of £54.42 million, a PE ratio of 7.87 and a beta of 0.68. The firm has a fifty day moving average of GBX 70.50 and a 200 day moving average of GBX 72.06.

Alternative Income REIT Company Profile

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.