Alternative Income REIT (LON:AIRE - Get Free Report) shares rose 0.8% during mid-day trading on Wednesday . The stock traded as high as GBX 75 ($1.02) and last traded at GBX 74.60 ($1.02). Approximately 179,032 shares traded hands during trading, an increase of 58% from the average daily volume of 113,233 shares. The stock had previously closed at GBX 74 ($1.01).
Alternative Income REIT Stock Down 0.6%
The firm's 50-day moving average price is GBX 71.53 and its 200-day moving average price is GBX 70.06. The company has a debt-to-equity ratio of 62.70, a current ratio of 13.51 and a quick ratio of 2.07. The company has a market cap of £56.38 million, a price-to-earnings ratio of 23.91 and a beta of 0.80.
Insider Transactions at Alternative Income REIT
In other Alternative Income REIT news, insider Adam C. Smith sold 85,000 shares of the company'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 ($81,007.49). Insiders sold 235,000 shares of company stock valued at $16,100,000 over the last quarter. Company insiders own 27.94% of the company's stock.
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.
Further Reading
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