Alternative Income REIT (LON:AIRE – Get Free Report)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as GBX 66 and last traded at GBX 68, with a volume of 39,944 shares changing hands. The stock had previously closed at GBX 69.
Alternative Income REIT Price Performance
The business’s 50 day simple moving average is GBX 69.31 and its 200 day simple moving average is GBX 70.56. The company has a market capitalization of £54.74 million, a PE ratio of 7.92 and a beta of 0.68.
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.
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