Alternative Income REIT (LON:AIRE) Shares Down 0.1% – What’s Next?

Alternative Income REIT (LON:AIRE) shares fell 0.1% during trading on Wednesday . The stock traded as low as GBX 67.60 ($0.85) and last traded at GBX 69.24 ($0.87). 91,947 shares traded hands during trading, a decline of 5% from the average session 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 debt-to-equity ratio of 62.06, a current ratio of 3.27 and a quick ratio of 2.07. The firm has a market capitalization of £55.55 million, a price-to-earnings ratio of 2,300.00 and a beta of 0.80. The stock has a 50 day moving average price of GBX 69.94 and a two-hundred day moving average price of GBX 69.98.

Alternative Income REIT Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date was 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

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.