Alternative Income REIT (LON:AIRE) Reaches New 12-Month High – Should You Buy?

Alternative Income REIT (LON:AIRE) hit a new 52-week high on Thursday . The company traded as high as GBX 81.60 and last traded at GBX 79.73, with a volume of 158240 shares trading hands. The stock had previously closed at GBX 79.50.

Alternative Income REIT Trading Up 0.2%

The company has a 50 day moving average of GBX 76.17 and a 200-day moving average of GBX 72.39. The stock has a market cap of £64.13 million, a price-to-earnings ratio of 8.83 and a beta of 0.80. The company has a debt-to-equity ratio of 62.70, a quick ratio of 2.07 and a current ratio of 13.51.

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.