First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Passes Above 200-Day Moving Average of $15.08

First Capital Real Estate Investment Trust (TSE:FCR.UN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.08 and traded as high as C$15.29. First Capital Real Estate Investment Trust shares last traded at C$15.27, with a volume of 123,860 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FCR.UN shares. National Bankshares dropped their price target on shares of First Capital Real Estate Investment Trust from C$17.50 to C$17.25 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. CIBC cut their target price on First Capital Real Estate Investment Trust from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. TD Securities downgraded First Capital Real Estate Investment Trust from an “action list buy” rating to a “buy” rating and set a C$19.00 price target on the stock. in a report on Thursday, February 8th. Scotiabank lifted their price objective on First Capital Real Estate Investment Trust from C$16.50 to C$17.25 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets upped their target price on First Capital Real Estate Investment Trust from C$17.50 to C$18.50 in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$18.08.

First Capital Real Estate Investment Trust Price Performance

The stock has a market cap of C$3.24 billion, a P/E ratio of -24.24, a price-to-earnings-growth ratio of -2.77 and a beta of 1.25. The company has a debt-to-equity ratio of 104.33, a quick ratio of 0.07 and a current ratio of 0.81. The firm has a 50-day moving average price of C$15.40 and a 200-day moving average price of C$15.08.

About First Capital Real Estate Investment Trust

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.