Alternative Income REIT (LON:AIRE) Shares Down 0.1% – Should You Sell?

Alternative Income REIT (LON:AIRE) fell 0.1% during trading on Wednesday . The company traded as low as GBX 67.60 ($0.85) and last traded at GBX 69.24 ($0.87). 91,947 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 96,598 shares. The stock had previously closed at GBX 69.30 ($0.87).

Alternative Income REIT Stock Down 0.1 %

The firm’s 50 day simple moving average is GBX 70 and its 200-day simple moving average is GBX 69.95. The company has a market cap of £55.74 million, a price-to-earnings ratio of 2,308.00 and a beta of 0.80. The company has a debt-to-equity ratio of 62.06, a current ratio of 3.27 and a quick ratio of 2.07.

Alternative Income REIT Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date was Thursday, November 7th. This represents a yield of 2.17%. Alternative Income REIT’s payout ratio is currently 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.