Rural Funds Group (ASX:RFF) Shares Up 0.9%

Rural Funds Group (ASX:RFF)’s stock price shot up 0.9% during mid-day trading on Friday . The stock traded as high as A$2.41 ($1.71) and last traded at A$2.37 ($1.68), 1,067,228 shares were traded during trading. The stock had previously closed at A$2.35 ($1.67).

The company has a quick ratio of 0.78, a current ratio of 0.88 and a debt-to-equity ratio of 45.67. The firm has a fifty day simple moving average of A$2.33. The stock has a market cap of $792.21 million and a price-to-earnings ratio of 18.09.

The company also recently disclosed a Final dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 31st were issued a dividend of $0.026 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a dividend yield of 1.16%. Rural Funds Group’s dividend payout ratio is 76.34%.

Rural Funds Group Company Profile (ASX:RFF)

Rural Funds Group is a real estate investment trust externally managed by Rural Funds Management Limited. It invests in the real estate markets of Australia. The firm invests primarily in the agricultural assets. Rural Fund Group is based in Australia.

Further Reading: Leveraged Buyout (LBO) Explained

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