First Asset Canadian REIT Income Fund (TSE:RIT – Get Free Report)’s stock price shot up 0.4% during trading on Monday . The stock traded as high as C$16.64 and last traded at C$16.60. 18,216 shares were traded during mid-day trading, a decline of 11% from the average session volume of 20,474 shares. The stock had previously closed at C$16.54.
First Asset Canadian REIT Income Fund Trading Up 0.4%
The company’s 50-day moving average is C$16.62 and its 200-day moving average is C$16.84. The firm has a market cap of C$82.78 million, a price-to-earnings ratio of 11.07 and a beta of 0.61.
About First Asset Canadian REIT Income Fund
First Asset Canadian Reit Income Fund (the Fund), formerly First Asset REIT Income Fund, is a Canada-based investment trust. The Fund’s investment objectives is to provide holders with the benefits of high monthly cash distributions together with the opportunity for capital appreciation through the active management of a diversified portfolio of real estate investment trusts (REITs) and real estate corporations that are listed on Canadian stock exchanges. The investment portfolio provides diversification among various real estate holdings, including apartment buildings, shopping centers, office buildings and nursing/retirement homes, among others.
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