Alternative Income REIT (LON:AIRE) Reaches New 1-Year High – Time to Buy?

Alternative Income REIT (LON:AIRE)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 77 and last traded at GBX 75.59, with a volume of 193961 shares changing hands. The stock had previously closed at GBX 75.20.

Alternative Income REIT Price Performance

The firm has a market capitalization of £60.85 million, a P/E ratio of 8.38 and a beta of 0.80. The business’s fifty day moving average is GBX 73.10 and its 200 day moving average is GBX 71.39. 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 issued its earnings results on Monday, October 6th. The company reported GBX 6.72 earnings per share for the quarter. Alternative Income REIT had a net margin of 29.84% and a return on equity of 3.60%.

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.