Alternative Income REIT (LON:AIRE) Stock Price Up 0.3%

Alternative Income REIT (LON:AIRE) shot up 0.3% during trading on Friday . The company traded as high as GBX 71.90 ($0.95) and last traded at GBX 70.50 ($0.93). 57,620 shares traded hands during trading, a decline of 44% from the average session volume of 102,386 shares. The stock had previously closed at GBX 70.30 ($0.93).

Alternative Income REIT Stock Up 0.3 %

The company has a current ratio of 3.27, a quick ratio of 2.07 and a debt-to-equity ratio of 62.06. The stock has a market capitalization of £56.75 million, a P/E ratio of 2,350.00 and a beta of 0.80. The stock’s 50 day simple moving average is GBX 71.11 and its 200 day simple moving average is GBX 68.79.

Alternative Income REIT Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a GBX 1.63 ($0.02) dividend. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 15th. This is a boost from Alternative Income REIT’s previous dividend of $1.43. Alternative Income REIT’s dividend payout ratio (DPR) is 20,000.00%.

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.