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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.68 and traded as high as C$23.23. First Capital Real Estate Investment Trust shares last traded at C$23.07, with a volume of 553,595 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$23.00 to C$24.40 in a research report on Wednesday, May 27th. Canaccord Genuity Group lowered shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and boosted their price target for the company from C$23.50 to C$24.40 in a report on Friday, April 17th. Canadian Imperial Bank of Commerce downgraded shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price target for the company from C$22.50 to C$24.40 in a research report on Friday, April 17th. Finally, BMO Capital Markets lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$22.00 to C$24.20 in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$23.36.

First Capital Real Estate Investment Trust Stock Up 0.1%

The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The firm has a market cap of C$4.90 billion, a PE ratio of 4.57, a P/E/G ratio of -2.77 and a beta of 1.01. The business has a fifty day moving average price of C$23.25 and a two-hundred day moving average price of C$21.68.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share for the quarter. The firm had revenue of C$189.71 million for the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%. On average, analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal 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.