Alternative Income REIT (LON:AIRE) Sets New 52-Week High – Time to Buy?

Alternative Income REIT (LON:AIRE) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 79.40 and last traded at GBX 76, with a volume of 193733 shares trading hands. The stock had previously closed at GBX 76.60.

Alternative Income REIT Price Performance

The firm has a 50 day moving average price of GBX 73.71 and a two-hundred day moving average price of GBX 71.52. The company has a market cap of £61.18 million, a P/E ratio of 8.43 and a beta of 0.80. The company has a debt-to-equity ratio of 62.70, a quick ratio of 2.07 and a current ratio of 13.51.

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.