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

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FCR.UN. Canadian Imperial Bank of Commerce lowered First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their target price for the stock from C$22.50 to C$24.40 in a report on Friday, April 17th. 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 research note on Wednesday, May 27th. Canaccord Genuity Group cut shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$23.50 to C$24.40 in a research report on Friday, April 17th. Finally, 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 objective for the stock from C$22.00 to C$24.20 in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently 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 has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The firm has a market cap of C$4.88 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of -2.77 and a beta of 1.01. The company’s 50-day moving average is C$23.21 and its 200-day moving average is C$21.87.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its quarterly earnings data on Monday, July 27th. The company reported C$0.11 earnings per share (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 business had revenue of C$185.87 million for the quarter. Equities research analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share 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.