Rural Funds Group (OTC:RFNDF) Trading Up 4% – Should You Buy?

Rural Funds Group (OTC:RFNDFGet Free Report)’s share price was up 4% on Thursday . The company traded as high as $1.30 and last traded at $1.30. Approximately 3,800 shares traded hands during mid-day trading, an increase of 126% from the average daily volume of 1,681 shares. The stock had previously closed at $1.25.

Rural Funds Group Price Performance

The stock’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $1.15.

Rural Funds Group Company Profile

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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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