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

First Capital Real Estate Investment Trust (TSE:FCR.UN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.49 and traded as high as C$23.47. First Capital Real Estate Investment Trust shares last traded at C$23.46, with a volume of 486,438 shares.

Analyst Ratings Changes

Several analysts recently commented on the company. Canadian Imperial Bank of Commerce cut First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and raised their target price for the company from C$22.50 to C$24.40 in a research report on Friday, April 17th. Royal Bank Of Canada lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$23.00 to C$24.40 in a research report on Wednesday, May 27th. Canaccord Genuity Group lowered First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$23.50 to C$24.40 in a research report on Friday, April 17th. Finally, 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 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$23.36.

First Capital Real Estate Investment Trust Stock Down 0.3%

The firm has a market cap of C$4.99 billion, a price-to-earnings ratio of 4.65, a price-to-earnings-growth ratio of -2.77 and a beta of 1.01. The stock’s 50 day moving average is C$23.28 and its 200 day moving average is C$21.49. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its 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 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 forecast 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.