Alternative Income REIT (LON:AIRE) Stock Price Up 1% - What's Next?

Alternative Income REIT (LON:AIRE - Get Free Report) shares traded up 1% during mid-day trading on Thursday . The company traded as high as GBX 70 ($0.85) and last traded at GBX 69.20 ($0.84). 116,450 shares were traded during mid-day trading, an increase of 54% from the average session volume of 75,379 shares. The stock had previously closed at GBX 68.50 ($0.84).

Alternative Income REIT Price Performance

The company has a 50-day moving average of GBX 69.47 and a 200 day moving average of GBX 70.29. The company has a debt-to-equity ratio of 62.06, a quick ratio of 2.07 and a current ratio of 3.27. The firm has a market cap of £55.69 million, a P/E ratio of 2,306.13 and a beta of 0.80.

Alternative Income REIT Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a dividend yield of 2.17%. Alternative Income REIT's payout ratio is presently 20,000.00%.

About Alternative Income REIT

Alternative Income REIT PLC LSE ticker: AIRE aims to generate a sustainable, secure and attractive income return for shareholders, including a potentially progressive dividend and capital growth, from a diversified portfolio of resilient UK property investments, predominately in alternative and specialist sectors.