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

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.68 and traded as high as C$23.23. First Capital Real Estate Investment Trust shares last traded at C$23.07, with a volume of 553,595 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FCR.UN. Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and lifted their price target for the company from C$23.50 to C$24.40 in a report on Friday, April 17th. BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$22.00 to C$24.20 in a report on Thursday, May 7th. Royal Bank Of Canada cut First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$23.00 to C$24.40 in a research report on Wednesday, May 27th. Finally, Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their target price for the company from C$22.50 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Capital Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus price target of C$23.36.

First Capital Real Estate Investment Trust Stock Performance

The company’s 50-day moving average price is C$23.24 and its two-hundred day moving average price is C$21.69. The company has a market cap of C$4.87 billion, a P/E ratio of 4.55, a price-to-earnings-growth ratio of -2.77 and a beta of 1.01. 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 earnings results on Tuesday, May 5th. The company reported C$0.43 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$189.71 million during the quarter. As a group, equities analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current year.

First Capital Real Estate Investment Trust Company Profile

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.