Alternative Income REIT (LON:AIRE) Stock Price Up 1.7% – Still a Buy?

Alternative Income REIT (LON:AIRE) rose 1.7% during trading on Tuesday . The company traded as high as GBX 70.40 and last traded at GBX 70.40. Approximately 275,589 shares were traded during mid-day trading, an increase of 70% from the average daily volume of 161,794 shares. The stock had previously closed at GBX 69.20.

Alternative Income REIT Stock Performance

The stock’s 50-day moving average is GBX 73.11 and its 200 day moving average is GBX 74.39. The stock has a market capitalization of £56.67 million, a PE ratio of 8.20 and a beta of 0.61.

Alternative Income REIT (LON:AIRE) last posted its earnings results on Tuesday, March 3rd. The company reported GBX 3.32 EPS for the quarter. Alternative Income REIT had a net margin of 77.88% and a return on equity of 10.22%.

About Alternative Income REIT

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.