Alternative Income REIT (LON:AIRE) Stock Falls 0.4% – Here’s What Happened

Alternative Income REIT (LON:AIRE) dropped 0.4% on Monday. The company traded as low as GBX 67 and last traded at GBX 68.50. Approximately 67,139 shares traded hands during trading, a decline of 66% from the average daily volume of 197,252 shares. The stock had previously closed at GBX 68.80.

Alternative Income REIT Price Performance

The firm has a market cap of £55.14 million, a PE ratio of 7.97 and a beta of 0.68. The company has a 50 day simple moving average of GBX 70.09 and a 200-day simple moving average of GBX 71.01.

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.