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Rural Funds Group ( (AU:RFF) ) just unveiled an announcement.
Rural Funds Group has announced that director Michael Carroll has reported a change in the nature of his indirect interests in the stapled securities of the trust, although the total number of units he controls remains unchanged at 350,604. The update reflects an off-market transfer of units held via two related entities, Productivity Investments Pty Ltd and Mudgegonga Pty Ltd as trustee for the Carroll Family Super Fund, with no units acquired or disposed and no trading during a closed period, indicating an internal restructuring of holdings rather than a change in his overall economic exposure, thereby having limited immediate implications for other securityholders.
The most recent analyst rating on (AU:RFF) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Rural Funds Group stock, see the AU:RFF Stock Forecast page.
More about Rural Funds Group
Rural Funds Group is an ASX-listed agricultural real estate investment trust comprising Rural Funds Trust and RF Active, investing in and leasing agricultural assets. The group focuses on generating rental income from a diversified portfolio of farming properties and related assets for institutional and retail investors seeking exposure to the Australian agricultural sector.
YTD Price Performance: 6.09%
Average Trading Volume: 655,881
Technical Sentiment Signal: Buy
Current Market Cap: A$814.5M
Learn more about RFF stock on TipRanks’ Stock Analysis page.