First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.02 and traded as high as C$23.08. First Capital Real Estate Investment Trust shares last traded at C$22.91, with a volume of 595,546 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FCR.UN shares. Canadian Imperial Bank of Commerce lowered shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their target price for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. Canaccord Genuity Group downgraded shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and raised their price target for the stock from C$23.50 to C$24.40 in a research note on Friday, April 17th. Royal Bank Of Canada lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$23.00 to C$24.40 in a report on Wednesday, May 27th. Finally, BMO Capital Markets cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from C$22.00 to C$24.20 in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, First Capital Real Estate Investment Trust currently has a consensus rating of “Hold” and an average price target of C$23.90.

First Capital Real Estate Investment Trust Stock Performance

The firm has a 50 day moving average of C$23.13 and a 200-day moving average of C$22.05. The company has a market cap of C$4.85 billion, a P/E ratio of 4.69, a PEG ratio of -2.77 and a beta of 1.01. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its earnings results on Monday, July 27th. The company reported C$0.11 earnings per share for the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%.The business had revenue of C$185.87 million during the quarter. As a group, sell-side analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal year.

About First Capital Real Estate Investment Trust

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.