First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

First Capital Real Estate Investment Trust (TSE:FCR.UN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$19.68 and traded as high as C$20.70. First Capital Real Estate Investment Trust shares last traded at C$20.62, with a volume of 561,519 shares.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FCR.UN shares. National Bank Financial upped their target price on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an “outperform” rating in a report on Friday, February 13th. Royal Bank Of Canada boosted their price objective on shares of First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Raymond James Financial downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.42.

First Capital Real Estate Investment Trust Trading Down 0.1%

The firm has a market capitalization of C$4.44 billion, a price-to-earnings ratio of 4.17, a price-to-earnings-growth ratio of -2.77 and a beta of 1.02. The company has a fifty day moving average price of C$20.56 and a 200-day moving average price of C$19.69. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$4.00 EPS for the quarter. The firm had revenue of C$185.38 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, equities research 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.