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First Asset Canadian REIT Income Fund (TSE:RIT) Trading Down 0.6% - Should You Sell?

First Asset Canadian REIT Income Fund logo with background

Key Points

  • The stock price of First Asset Canadian REIT Income Fund (TSE:RIT) fell by 0.6% to C$16.81, with trading volumes significantly down by 53% compared to the average.
  • The company has a market capitalization of C$476.19 million and a price-to-earnings ratio of -102.18, indicating potential financial challenges.
  • This investment trust aims to provide high monthly cash distributions while managing a diversified portfolio of real estate investment trusts (REITs) listed on Canadian exchanges.
  • Five stocks we like better than First Asset Canadian REIT Income Fund.

First Asset Canadian REIT Income Fund (TSE:RIT - Get Free Report)'s stock price fell 0.6% during trading on Thursday . The company traded as low as C$16.78 and last traded at C$16.81. 10,192 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 21,492 shares. The stock had previously closed at C$16.91.

First Asset Canadian REIT Income Fund Stock Down 1.1%

The firm has a market capitalization of C$470.81 million and a PE ratio of -101.02. The business's fifty day moving average price is C$16.77 and its 200 day moving average price is C$16.02.

First Asset Canadian REIT Income Fund Company Profile

(Get Free Report)

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.

See Also

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