First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Trading 1.2% Higher – Time to Buy?

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF)’s stock price traded up 1.2% during mid-day trading on Thursday . The company traded as high as $15.1380 and last traded at $15.1380. 44,960 shares were traded during mid-day trading, an increase of 560% from the average session volume of 6,808 shares. The stock had previously closed at $14.96.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FCXXF shares. Scotiabank reissued a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research note on Thursday. Royal Bank Of Canada reissued an “outperform” rating on shares of First Capital Real Estate Investment Trust in a research report on Friday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of First Capital Real Estate Investment Trust in a research note on Friday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

First Capital Real Estate Investment Trust Price Performance

The stock’s 50-day simple moving average is $14.03 and its 200 day simple moving average is $13.86.

First Capital Real Estate Investment Trust Company Profile

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) is a Canadian real estate investment trust focused on the ownership, development and management of retail properties. The trust’s portfolio primarily comprises grocery-anchored and necessity-based shopping centres that serve urban and suburban neighbourhoods across Canada. By concentrating on properties with stable, long-term lease profiles and essential service offerings, First Capital REIT aims to provide consistent occupancy and rental revenue streams.

Established in 2012 through a strategic spin-off from an existing Canadian property group, First Capital REIT has grown its holdings through acquisitions, selective developments and joint-venture partnerships.