Alternative Income REIT (LON:AIRE) Sets New 1-Year High - Time to Buy?

Alternative Income REIT (LON:AIRE - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 76.60 ($1.03) and last traded at GBX 75 ($1.01), with a volume of 211874 shares trading hands. The stock had previously closed at GBX 74 ($1.00).

Alternative Income REIT Price Performance

The stock has a market cap of £57.16 million, a P/E ratio of 24.24 and a beta of 0.80. The company's 50 day simple moving average is GBX 71.40 and its 200 day simple moving average is GBX 70.02. The company has a debt-to-equity ratio of 62.70, a current ratio of 13.51 and a quick ratio of 2.07.

Insider Activity at Alternative Income REIT

In related news, insider Adam C. Smith sold 85,000 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of GBX 70 ($0.95), for a total value of £59,500 ($80,329.42). Over the last 90 days, insiders sold 385,000 shares of company stock valued at $26,600,000. Corporate insiders own 27.94% of the company's stock.

Alternative Income REIT Company Profile

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.