First Capital Real Estate Investment Trust (TSE:FCR.UN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.38 and traded as high as C$22.80. First Capital Real Estate Investment Trust shares last traded at C$22.78, with a volume of 195,343 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on FCR.UN shares. Royal Bank Of Canada lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$23.00 to C$24.40 in a research note on Wednesday, May 27th. BMO Capital Markets downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$22.00 to C$24.20 in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$23.90.

First Capital Real Estate Investment Trust Price Performance

The company’s fifty day moving average price is C$22.99 and its 200 day moving average price is C$22.38. The company has a market capitalization of C$4.84 billion, a P/E ratio of 4.69, a PEG ratio of -2.77 and a beta of 1.01. 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 issued its quarterly earnings results on Monday, July 27th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$185.87 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%. As a group, sell-side 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.