The stock of Folkestone Education Trust (ASX:FET) is a huge mover today! The stock increased 3.78% or $0.09 on November 30, hitting $2.47. About 469,739 shares traded hands or 67.10% up from the average. Folkestone Education Trust (ASX:FET) has declined 1.98% since May 4, 2016 and is downtrending. It has underperformed by 7.21% the S&P500.
The move comes after 6 months positive chart setup for the $615.82M company. It was reported on Nov, 30 by Barchart.com. We have $2.57 PT which if reached, will make ASX:FET worth $24.63M more.
More important recent Folkestone Education Trust (ASX:FET) news were published by: Smh.com.Au which released: “Folkestone Education Trust has one eye on residential market” on February 17, 2015, also Fool.com.Au published article titled: “Is Folkestone Education Trust a buy at today’s share price?”, Reuters.com published: “BRIEF-Folkestone Education updates on Sep-quarter distribution reinvestmen…” on October 19, 2016. More interesting news about Folkestone Education Trust (ASX:FET) was released by: Fool.com.Au and their article: “Is it time to buy shares of G8 Education Ltd?” with publication date: May 14, 2015.
Folkestone Education Trust , formerly Australian Education Trust, is a real estate investment trust (REIT). The company has a market cap of $615.82 million. The objectives of the Trust are to provide secure long-term cash-flows with minimal risk and the potential for capital growth to its investors; to provide access to sector specific real estate investment that invests in early learning property; to provide a stable, growing income stream supported by secure lease covenants; to provide geographical diversification through asset selection, and to provide an attractive income yield with growing underlying property values. It has a 5.71 P/E ratio. The Trust operates in the Asia Pacific geographic segment.
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