Alternative Income REIT PLC (LON:AIRE – Get Rating) shares dropped 0.1% on Tuesday . The company traded as low as GBX 74.20 ($0.88) and last traded at GBX 75.30 ($0.89). Approximately 27,664 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 127,612 shares. The stock had previously closed at GBX 75.40 ($0.89).
Alternative Income REIT Stock Performance
The company has a debt-to-equity ratio of 52.78, a current ratio of 2.07 and a quick ratio of 2.07. The stock’s 50 day simple moving average is GBX 73.79 and its two-hundred day simple moving average is GBX 79.14. The stock has a market cap of £60.07 million and a P/E ratio of 467.71.
Alternative Income REIT Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, November 10th will be paid a GBX 1.38 ($0.02) dividend. This represents a yield of 1.87%. The ex-dividend date is Thursday, November 10th. Alternative Income REIT’s payout ratio is currently 34.63%.
Insider Buying and Selling at Alternative Income REIT
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, which help to underpin income distributions to shareholders with the potential for income and capital growth.
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