Alternative Income REIT (LON:AIRE - Get Free Report) shares dropped 1.7% during trading on Thursday . The company traded as low as GBX 68 ($0.85) and last traded at GBX 69.20 ($0.87). Approximately 164,250 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 98,019 shares. The stock had previously closed at GBX 70.40 ($0.88).
Alternative Income REIT Stock Performance
The stock's fifty day moving average price is GBX 71.03 and its 200 day moving average price is GBX 69.94. The stock has a market cap of £55.71 million, a P/E ratio of 2,306.67 and a beta of 0.80. The company has a current ratio of 3.27, a quick ratio of 2.07 and a debt-to-equity ratio of 62.06.
Alternative Income REIT Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a GBX 1.55 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a yield of 2.17%. Alternative Income REIT's dividend payout ratio (DPR) is presently 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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