Alternative Income REIT (LON:AIRE) Stock Price Down 2.5% – Here’s Why

Shares of Alternative Income REIT (LON:AIRE) were down 2.5% during trading on Thursday . The company traded as low as GBX 70.01 and last traded at GBX 70.01. Approximately 120,143 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 182,641 shares. The stock had previously closed at GBX 71.80.

Alternative Income REIT Price Performance

The company has a market capitalization of £56.36 million, a P/E ratio of 8.15 and a beta of 0.67. The company has a fifty day moving average price of GBX 70.59 and a 200 day moving average price of GBX 72.72.

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.