Potential Buy Entry Alert RFF

Time Frame : Weekly

Sector : Real Estate/General

Key Stats : $688.7 Million Market Cap, VWAP 2.116, ASX Ranking 288, 4 Week Av Turnover $1,431,296, PE 14.7, Div Yield 4.85%.

Company Overview : Rural Funds Group (RFF) is a real estate property trust which owns a diversified portfolio of Australian agricultural assets. RFF’s investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts and capital growth through any appreciation in the value of those assets. RFF is a stapled security, incorporating Rural Funds Trust and RF Active. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.

Broker Consensus : Buy

RFF – Rural Funds Group

RFF has been holding up well as buyers continue to step in and soak up selling pressure. We are now watching for a buy entry setup as price has broken out of contraction today. A little more evidence that buyers are making their move will give us the entry setup

Stock Code : RFF – Rural Funds Group

Company Website : www.ruralfunds.com.au

Current Price : 2.13

Status : On watch for a buy entry setup