Shares of Rural Funds Group (OTC:RFNDF – Get Free Report) fell 2.8% during mid-day trading on Friday . The stock traded as low as $1.05 and last traded at $1.05. 800 shares were traded during mid-day trading, a decline of 33% from the average session volume of 1,200 shares. The stock had previously closed at $1.08.
Rural Funds Group Price Performance
The firm’s fifty day moving average price is $1.09 and its 200-day moving average price is $1.24.
About Rural Funds Group
Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties.
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