First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Stock Price Up 1.2% – Still a Buy?

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) shares shot up 1.2% during trading on Thursday . The stock traded as high as $15.1380 and last traded at $15.1380. 44,960 shares traded hands during mid-day trading, an increase of 560% from the average session volume of 6,808 shares. The stock had previously closed at $14.96.

Wall Street Analyst Weigh In

Separately, Scotiabank reaffirmed a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research note on Thursday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, First Capital Real Estate Investment Trust has a consensus rating of “Moderate Buy”.

First Capital Real Estate Investment Trust Stock Performance

The firm’s 50-day moving average is $14.00 and its two-hundred day moving average is $13.85.

First Capital Real Estate Investment Trust Company Profile

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) is a Canadian real estate investment trust focused on the ownership, development and management of retail properties. The trust’s portfolio primarily comprises grocery-anchored and necessity-based shopping centres that serve urban and suburban neighbourhoods across Canada. By concentrating on properties with stable, long-term lease profiles and essential service offerings, First Capital REIT aims to provide consistent occupancy and rental revenue streams.

Established in 2012 through a strategic spin-off from an existing Canadian property group, First Capital REIT has grown its holdings through acquisitions, selective developments and joint-venture partnerships.