Alternative Income REIT (LON:AIRE) Trading Down 1.7% – Time to Sell?

Alternative Income REIT (LON:AIRE)’s share price was down 1.7% on Thursday . The company traded as low as GBX 68 ($0.86) and last traded at GBX 69.20 ($0.87). Approximately 164,250 shares changed hands during trading, an increase of 68% from the average daily volume of 98,019 shares. The stock had previously closed at GBX 70.40 ($0.89).

Alternative Income REIT Stock Performance

The business has a fifty day moving average of GBX 71.06 and a 200-day moving average of GBX 69.95. The company has a market cap of £55.57 million, a PE ratio of 2,306.67 and a beta of 0.80. The company has a current ratio of 3.27, a quick ratio of 2.07 and a debt-to-equity ratio of 62.06.

Alternative Income REIT Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a dividend yield of 2.17%. Alternative Income REIT’s dividend payout ratio is presently 20,000.00%.

About Alternative Income REIT

Alternative Income REIT plc aims to generate a sustainable, secure and attractive income return for shareholders from a diversified portfolio of UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group's portfolio are let on long leases which contain inflation linked rent review provisions.