First Asset Canadian REIT Income Fund (TSE:RIT) Shares Up 0.4% – What’s Next?

Shares of First Asset Canadian REIT Income Fund (TSE:RIT) shot up 0.4% on Monday . The stock traded as high as C$16.64 and last traded at C$16.60. 18,216 shares changed hands 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 Price Performance

The company has a 50 day moving average price of C$16.63 and a 200 day moving average price of C$16.84. The firm has a market cap of C$82.24 million, a PE ratio of 10.99 and a beta of 0.61.

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. The investment portfolio provides diversification among various real estate holdings, including apartment buildings, shopping centers, office buildings and nursing/retirement homes, among others.