Alternative Income REIT (LON:AIRE) Sets New 12-Month High – Here’s Why

Alternative Income REIT (LON:AIRE)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 81 and last traded at GBX 81, with a volume of 222789 shares traded. The stock had previously closed at GBX 79.

Alternative Income REIT Price Performance

The company has a debt-to-equity ratio of 62.70, a current ratio of 13.51 and a quick ratio of 2.07. The firm has a market capitalization of £65.21 million, a price-to-earnings ratio of 8.98 and a beta of 0.80. The stock has a 50 day moving average price of GBX 74.88 and a two-hundred day moving average price of GBX 71.78.

Alternative Income REIT Company Profile

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.