First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

First Capital Real Estate Investment Trust (TSE:FCR.UN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$21.87 and traded as high as C$23.01. First Capital Real Estate Investment Trust shares last traded at C$22.96, with a volume of 229,142 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FCR.UN shares. BMO Capital Markets cut 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 report on Thursday, May 7th. Canaccord Genuity Group lowered First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and raised their target price for the stock from C$23.50 to C$24.40 in a report on Friday, April 17th. Canadian Imperial Bank of Commerce cut First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their price target for the company from C$22.50 to C$24.40 in a research report on Friday, April 17th. Finally, Royal Bank Of Canada downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$23.00 to C$24.40 in a report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$23.36.

First Capital Real Estate Investment Trust Trading Down 0.7%

The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The company’s 50-day moving average is C$23.21 and its 200 day moving average is C$21.90. The company has a market cap of C$4.86 billion, a price-to-earnings ratio of 4.53, a price-to-earnings-growth ratio of -2.77 and a beta of 1.01.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its quarterly earnings data 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 net margin of 8.48% and a negative return on equity of 1.57%. The business had revenue of C$185.87 million during the quarter. Research analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current year.

First Capital Real Estate Investment Trust Company Profile

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