First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$20.82 and traded as high as C$23.33. First Capital Real Estate Investment Trust shares last traded at C$23.27, with a volume of 3,275,670 shares traded.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FCR.UN shares. Canaccord Genuity Group lowered First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from C$23.50 to C$24.40 in a research note on Friday, April 17th. Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased 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 downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their price target for the stock from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. National Bank Financial increased their price target on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$23.00 to C$24.40 in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$23.36.

First Capital Real Estate Investment Trust Stock Up 1.2%

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 capitalization of C$4.95 billion, a PE ratio of 4.61, a PEG ratio of -2.77 and a beta of 0.99. The business has a 50 day moving average of C$22.66 and a two-hundred day moving average of C$20.82.

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 earnings per share for the quarter. The firm had revenue of C$189.71 million during 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%. Analysts predict 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.