This summary was created by AI, based on 2 opinions in the last 12 months.
The CI First Asset Canadian REIT ETF (RIT) is a diverse investment option in the Canadian real estate sector, featuring holdings across various assets rather than concentrating on just two, which is a favorable aspect according to analysts. Currently, RIT boasts an average price-to-earnings (PE) ratio of 12x and is trading below its book value, making it an attractive option for potential investors. Experts recognize that real estate investment trusts (REITs) offer a strategic way to diversify an investment portfolio, especially as the market has been under pressure due to fluctuating interest rates. With anticipated cuts in interest rates approaching, now might be an opportune moment to consider entering this space. Investors are advised to set a stop-loss at $14 to mitigate risks, with a target price of $19 indicating an upside potential of 18% and a current yield of 5.18%. Additionally, there's a preference expressed for active management over passive ETF investing, suggesting that RIT might present a better managed option in this competitive field.
He doesn't like passive investing in REITs, because an ETF REIT can hold laggards like office REITs. He prefers an actively managed one like RIT.
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CI First Asset Canadian REIT ETF is a Canadian stock, trading under the symbol RIT-T on the Toronto Stock Exchange (RIT-CT). It is usually referred to as TSX:RIT or RIT-T
In the last year, 1 stock analyst published opinions about RIT-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for CI First Asset Canadian REIT ETF.
CI First Asset Canadian REIT ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for CI First Asset Canadian REIT ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered CI First Asset Canadian REIT ETF In the last year. It is a trending stock that is worth watching.
On 2025-02-14, CI First Asset Canadian REIT ETF (RIT-T) stock closed at a price of $15.64.
RIT holds Canadian real estate assets. We like that its holdings are not concentrated in only two assets. The average PE is 12x and it trades below book value. REITs are a good way to diversify your portfolio. The space has been under pressure for a while due to interest rate volatility, but with rate cuts anticipated going forward this is a good time to enter. We recommend setting a stop-loss at $14, looking to achieve $19 -- upside potential of 18%. Yield 5.18%