Alternative Income REIT (LON:AIRE) Stock Price Down 0.1% – Here’s What Happened

Alternative Income REIT (LON:AIRE) shares dropped 0.1% during mid-day trading on Monday . The company traded as low as GBX 69.79 ($0.91) and last traded at GBX 69.90 ($0.91). Approximately 30,215 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 100,869 shares. The stock had previously closed at GBX 70 ($0.91).

Alternative Income REIT Trading Down 0.1 %

The business has a fifty day moving average of GBX 71.22 and a two-hundred day moving average of GBX 69.27. The firm has a market cap of £56.27 million, a price-to-earnings ratio of 2,330.00 and a beta of 0.80. The company has a debt-to-equity ratio of 62.06, a quick ratio of 2.07 and a current ratio of 3.27.

Alternative Income REIT Increases Dividend

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

About Alternative Income REIT

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.