First Asset Canadian REIT Income Fund (TSE:RIT) Trading 0.3% Higher - Here's Why

Key Points

• First Asset Canadian REIT Income Fund's shares increased by 0.3% on Wednesday, with last trading at C$17.26, following a decline in trading volume.
• The fund has a market capitalization of C$85.51 million and a P/E ratio of 11.43, indicating a stable performance compared to its peers.
• It aims to provide high monthly cash distributions and potential capital appreciation by managing a diversified portfolio of real estate investment trusts (REITs) on Canadian exchanges.

First Asset Canadian REIT Income Fund (TSE:RIT - ) shares rose 0.3% during mid-day trading on Wednesday . The stock traded as high as C$17.32 and last traded at C$17.26. Approximately 13,173 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 20,413 shares. The stock had previously closed at C$17.21.

First Asset Canadian REIT Income Fund Trading Up 0.3%

The stock has a market capitalization of C$85.51 million, a P/E ratio of 11.43 and a beta of 0.85. The stock's 50 day simple moving average is C$17.02 and its 200 day simple moving average is C$16.46.

First Asset Canadian REIT Income Fund Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.