Alternative Income REIT (LON:AIRE) Insider Sells £105,000 in Stock

Alternative Income REIT (LON:AIRE) insider Adam C. Smith sold 150,000 shares of Alternative Income REIT stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of GBX 70 ($0.91), for a total value of £105,000 ($136,594.25).

Alternative Income REIT Stock Performance

AIRE stock opened at GBX 71.80 ($0.93) on Thursday. The stock’s 50 day simple moving average is GBX 69.51 and its 200 day simple moving average is GBX 70.04. Alternative Income REIT has a 12-month low of GBX 64 ($0.83) and a 12-month high of GBX 76 ($0.99). The firm has a market cap of £55.01 million, a P/E ratio of 23.33 and a beta of 0.80. 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 Tuesday, March 4th. The company reported GBX 3.26 ($0.04) 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

Alternative Income REIT PLC (LSE ticker: AIRE) aims to generate a sustainable, secure and attractive income return for shareholders, including a potentially progressive dividend and capital growth, from a diversified portfolio of resilient UK property investments, predominately in alternative and specialist sectors.