Alternative Income REIT (LON:AIRE) Hits New 1-Year Low – What’s Next?

Alternative Income REIT (LON:AIRE – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as GBX 66 and last traded at GBX 68, with a volume of 39,944 shares changing hands. The stock had previously closed at GBX 69.

Alternative Income REIT Trading Up 0.1%

The company has a fifty day moving average of GBX 69.26 and a 200-day moving average of GBX 70.55. The stock has a market cap of £55.57 million, a PE ratio of 8.04 and a beta of 0.68.

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.

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