First Asset Canadian REIT Income Fund (RIT) Stock Price, News & Analysis

Company Overview

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. The manager and investment advisor of the Fund is First Asset Investment Management Inc.

Key Stats

• Today's Range: C$17.73 to C$17.80
• 50-Day Range: C$16.44 to C$18.00
• 52-Week Range: C$15.74 to C$18.07
• Volume: 2,957 shs
• Average Volume: 16,379 shs
• Market Capitalization: C$88.03 million
• P/E Ratio: 11.77
• Dividend Yield: 3.38%
• Price Target: N/A
• Consensus Rating: N/A

RIT Stock Analysis - Frequently Asked Questions

How have RIT shares performed this year?

First Asset Canadian REIT Income Fund's stock was trading at C$16.71 at the beginning of the year. Since then, RIT stock has increased by 6.3% and is now trading at C$17.77.

How do I buy shares of First Asset Canadian REIT Income Fund?

Shares of RIT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of First Asset Canadian REIT Income Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Asset Canadian REIT Income Fund investors own include Northland Power (NPI), BCE (BCE), Royal Bank of Canada (RY), Sun Life Financial (SLF), TELUS (T), Toronto-Dominion Bank (TD) and TC Energy (TRP).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: N/A
• Industry: N/A
• Sub-Industry: N/A
• Current Symbol: TSE:RIT
• Previous Symbol: TSE:RIT
• CIK: N/A
• Web: www.firstasset.com
• Phone: +1-416-6421289
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): C$1.51
• Trailing P/E Ratio: 11.77
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -C$4.65 million
• Net Margins: 93.50%
• Pretax Margin: N/A
• Return on Equity: 10.65%
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 27.50
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: -C$496.02 thousand
• Price / Sales: -177.48
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: C$15.93 per share
• Price / Book: 1.12

Miscellaneous

• Outstanding Shares: 4,954,000
• Free Float: N/A
• Market Cap: C$88.03 million
• Optionable: Not Optionable
• Beta: 0.53