Alternative Income REIT (LON:AIRE) Hits New 12-Month High – What’s Next?

Alternative Income REIT (LON:AIRE) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 74.60 ($0.95) and last traded at GBX 74.60 ($0.95), with a volume of 443325 shares traded. The stock had previously closed at GBX 69.20 ($0.89).

Alternative Income REIT Price Performance

The firm has a market capitalization of £57.16 million, a P/E ratio of 24.24 and a beta of 0.80. The business’s fifty day moving average is GBX 69.03 and its 200 day moving average is GBX 70. The company has a current ratio of 13.51, a quick ratio of 2.07 and a debt-to-equity ratio of 62.70.

Alternative Income REIT (LON:AIRE) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 3.26 ($0.04) earnings per share (EPS) for the quarter. Alternative Income REIT had a return on equity of 3.60% and a net margin of 29.84%.

Alternative Income REIT Company Profile

Alternative Income REIT PLC (LSE ticker: AIRE) aims to generate a sustainable, secure and attractive income return for shareholders, including a potentially progressive dividend and capital growth, from a diversified portfolio of resilient UK property investments, predominately in alternative and specialist sectors.