Alternative Income REIT (LON:AIRE – Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as GBX 66.04 and last traded at GBX 67.60, with a volume of 193433 shares changing hands. The stock had previously closed at GBX 68.
Alternative Income REIT Trading Down 0.6%
The firm has a market capitalization of £54.42 million, a price-to-earnings ratio of 7.87 and a beta of 0.68. The stock’s 50 day moving average price is GBX 70.50 and its two-hundred day moving average price is GBX 72.06.
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.
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