Alternative Income REIT (LON:AIRE - Get Free Report)'s share price shot up 1% during mid-day trading on Thursday . The stock traded as high as GBX 70 ($0.85) and last traded at GBX 69.20 ($0.84). 116,450 shares traded hands 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 stock has a market capitalization of £55.69 million, a price-to-earnings ratio of 2,306.13 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. The stock has a 50-day simple moving average of GBX 69.47 and a 200 day simple moving average of GBX 70.29.
Alternative Income REIT Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were given a dividend of GBX 1.55 ($0.02) per share. This represents a yield of 2.17%. The ex-dividend date of this dividend was Thursday, November 7th. Alternative Income REIT's payout ratio is presently 20,000.00%.
About Alternative Income REIT
(
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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.
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