First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Shares Up 2.2% – Here’s What Happened

First Capital Real Estate Investment Trust (OTCMKTS:FCXXFGet Free Report)’s share price traded up 2.2% during trading on Wednesday . The company traded as high as $15.08 and last traded at $15.08. 2,244 shares were traded during trading, a decline of 92% from the average session volume of 26,788 shares. The stock had previously closed at $14.75.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Raymond James Financial cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. BMO Capital Markets reiterated an “outperform” rating on shares of First Capital Real Estate Investment Trust in a report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of First Capital Real Estate Investment Trust in a research report on Friday, February 13th. Finally, Scotiabank restated a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Get Our Latest Report on FCXXF

First Capital Real Estate Investment Trust Trading Up 2.2%

The company has a 50-day moving average price of $15.10 and a 200-day moving average price of $14.21.

First Capital Real Estate Investment Trust Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for First Capital Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Capital Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.