First Capital Real Estate Investment Trust (TSE:FCR.UN) Shares Pass Above 200 Day Moving Average – Here’s What Happened

First Capital Real Estate Investment Trust (TSE:FCR.UNGet Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$18.55 and traded as high as C$19.50. First Capital Real Estate Investment Trust shares last traded at C$19.31, with a volume of 279,722 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FCR.UN. CIBC increased their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. National Bankshares raised their price objective on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. TD Securities boosted their target price on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Desjardins increased their price target on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their price objective on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$21.90.

Get Our Latest Research Report on First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The stock has a market cap of C$4.10 billion, a P/E ratio of 16.72, a PEG ratio of -2.77 and a beta of 0.95. The stock has a 50-day simple moving average of C$19.31 and a 200-day simple moving average of C$18.55.

First Capital Real Estate Investment Trust Company Profile

(Get Free Report)

First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada’s populated centres. The company’s focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.

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