Alternative Income REIT (LON:AIRE) Sets New 1-Year High – What’s Next?

Alternative Income REIT (LON:AIRE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 77 and last traded at GBX 75.59, with a volume of 193961 shares. The stock had previously closed at GBX 75.20.

Alternative Income REIT Price Performance

The business’s 50-day moving average is GBX 73.23 and its two-hundred day moving average is GBX 71.45. The company has a market capitalization of £61.18 million, a P/E ratio of 8.43 and a beta of 0.80. The company has a quick ratio of 2.07, a current ratio of 13.51 and a debt-to-equity ratio of 62.70.

Alternative Income REIT (LON:AIRE) last issued its quarterly earnings results on Monday, October 6th. The company reported GBX 6.72 EPS for the quarter. Alternative Income REIT had a return on equity of 3.60% and a net margin of 29.84%.

Alternative Income REIT Company Profile

AIRE own and actively manage a diversified portfolio of UK properties let to a range of strong tenant covenants, with a particular focus on alternative and specialist real estate sectors, which generates resilient and growing income returns. Alternative Income REIT PLC aims to offer investors a secure, diversified and inflation-linked income return, whilst at least maintaining capital values in real terms, through exposure to alternative and specialist real estate sectors such as automotive & petroleum, education, healthcare, hotels and industrials.

The Group invests in freehold and long UK leasehold properties across the whole spectrum of the UK property sector, but with a focus on alternative and specialist real estate sectors.