Alternative Income REIT (LON:AIRE) Stock Price Up 1.7% – Still a Buy?

Alternative Income REIT (LON:AIREGet Free Report)’s share price rose 1.7% during mid-day trading on Tuesday . The stock traded as high as GBX 70.40 and last traded at GBX 70.40. Approximately 275,589 shares changed hands during trading, an increase of 70% from the average daily volume of 161,794 shares. The stock had previously closed at GBX 69.20.

Alternative Income REIT Stock Performance

The company has a market capitalization of £56.67 million, a PE ratio of 8.20 and a beta of 0.61. The company’s 50-day simple moving average is GBX 73.11 and its 200-day simple moving average is GBX 74.39.

Alternative Income REIT (LON:AIREGet Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 3.32 earnings per share (EPS) for the quarter. Alternative Income REIT had a net margin of 77.88% and a return on equity of 10.22%.

Alternative Income REIT Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Alternative Income REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alternative Income REIT and related companies with MarketBeat.com's FREE daily email newsletter.