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

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.00 and traded as high as C$23.49. First Capital Real Estate Investment Trust shares last traded at C$23.11, with a volume of 788,899 shares.

Analyst Ratings Changes

A number of brokerages recently weighed in on FCR.UN. BMO Capital Markets cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$22.00 to C$24.20 in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce cut shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price target for the stock from C$22.50 to C$24.40 in a research report on Friday, April 17th. Raymond James Financial cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. Canaccord Genuity Group cut shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and upped their price target for the stock from C$23.50 to C$24.40 in a research report on Friday, April 17th. Finally, Royal Bank Of Canada cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$23.00 to C$24.40 in a research 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.com, the stock currently has an average rating of “Hold” and an average price target of C$23.36.

First Capital Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The stock has a market cap of C$4.91 billion, a price-to-earnings ratio of 4.58, a price-to-earnings-growth ratio of -2.77 and a beta of 0.99. The business’s fifty day simple moving average is C$22.99 and its 200 day simple moving average is C$21.00.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.43 EPS 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 firm had revenue of C$189.71 million for the quarter. Research analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal 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.