Potential Buy Entry Alert RFF
Time Frame : Daily/Weekly
Sector : Real Estate/General
Key Stats : $728.63 Million Market Cap, VWAP 2.182, ASX Ranking 284, 4 Week Av Turnover $1,546,953, PE 15.5, Div Yield 4.63%.
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 kicked on higher to break through 2.17 resistance since the last alert below. We see the move up on the daily and weekly is stretched so are watching for some late buyers to be squeezed out of the action and price to pullback. If the pullback plays out, we want to see buyers build the higher low for confirmation and a show of strength and also the entry setup.
Stock Code : RFF – Rural Funds Group
Company Website : www.ruralfunds.com.au
Current Price : 2.18
Status : On watch for a buy entry setup
Previous Alert 20/8/19
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
