Alternative Income REIT (LON:AIRE) Trading Down 2.4% - Here's Why

Key Points

• Alternative Income REIT (LON:AIRE) shares fell 2.4% on Friday, reaching a low of GBX 72 ($0.97) before closing slightly higher at GBX 72.23 ($0.97).
• The trading volume increased to approximately 197,997 shares, which is 85% above the average daily volume of 107,079 shares.
• Alternative Income REIT aims to provide a sustainable and secure income return for shareholders through a diversified portfolio of alternative UK property investments.

Alternative Income REIT (LON:AIRE - Get Free Report) shares dropped 2.4% during trading on Friday . The company traded as low as GBX 72 ($0.96) and last traded at GBX 72.23 ($0.96). Approximately 197,997 shares were traded during mid-day trading, an increase of 85% from the average daily volume of 107,079 shares. The stock had previously closed at GBX 74 ($0.99).

Alternative Income REIT Trading Down 5.4%

The company has a market cap of £50.88 million, a PE ratio of 21.58 and a beta of 0.80. The company has a current ratio of 13.51, a quick ratio of 2.07 and a debt-to-equity ratio of 62.70. The stock has a 50 day moving average price of GBX 73.75 and a 200 day moving average price of GBX 71.21.

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.