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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$21.31 and traded as high as C$23.28. First Capital Real Estate Investment Trust shares last traded at C$23.14, with a volume of 709,488 shares traded.

Analysts Set New Price Targets

A number of brokerages have commented on FCR.UN. BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$22.00 to C$24.20 in a report on Thursday, May 7th. Canaccord Genuity Group downgraded First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and lifted 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 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 report on Friday, April 17th. Finally, Royal Bank Of Canada downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$23.00 to C$24.40 in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, First Capital Real Estate Investment Trust has an average rating of “Hold” and a consensus price target of C$23.36.

First Capital Real Estate Investment Trust Price Performance

The company’s fifty day moving average price is C$23.28 and its 200 day moving average price is C$21.31. The company has a market capitalization of C$4.92 billion, a P/E ratio of 4.59, a PEG ratio of -2.77 and a beta of 0.99. 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 released its quarterly earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share for the quarter. The company had revenue of C$189.71 million during 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%. As a group, sell-side analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current 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.