Shares of Alternative Income REIT (LON:AIRE - Get Free Report) were down 0.1% during mid-day trading on Wednesday . The stock traded as low as GBX 67.60 ($0.84) and last traded at GBX 69.24 ($0.87). Approximately 91,947 shares changed hands during trading, a decline of 5% from the average daily volume of 96,598 shares. The stock had previously closed at GBX 69.30 ($0.87).
Alternative Income REIT Price Performance
The company has a current ratio of 3.27, a quick ratio of 2.07 and a debt-to-equity ratio of 62.06. The business's fifty day moving average is GBX 69.98 and its 200 day moving average is GBX 69.97. The company has a market cap of £55.87 million, a P/E ratio of 2,313.33 and a beta of 0.80.
Alternative Income REIT Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a GBX 1.55 ($0.02) dividend. This represents a yield of 2.17%. The ex-dividend date of this dividend was Thursday, November 7th. Alternative Income REIT's dividend payout ratio is currently 20,000.00%.
Alternative Income REIT Company Profile
(
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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.
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