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

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

Wall Street Analyst Weigh In

FCR.UN has been the subject of a number of research analyst reports. Royal Bank Of Canada cut First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$23.00 to C$24.40 in a research note on Wednesday, May 27th. Canadian Imperial Bank of Commerce cut First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price target for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. BMO Capital Markets cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$22.00 to C$24.20 in a research note on Thursday, May 7th. Raymond James Financial cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Finally, Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and increased their price target for the company from C$23.50 to C$24.40 in a research note on Friday, April 17th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$23.36.

First Capital Real Estate Investment Trust Trading Up 1.2%

The company’s fifty day moving average is C$22.66 and its two-hundred day moving average is C$20.82. 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 company has a market cap of C$4.95 billion, a price-to-earnings ratio of 4.61, a P/E/G ratio of -2.77 and a beta of 0.99.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share 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 company had revenue of C$189.71 million for the quarter. On average, research analysts anticipate 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.