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

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.86 and traded as high as C$19.22. First Capital Real Estate Investment Trust shares last traded at C$19.16, with a volume of 207,231 shares changing hands.

Analyst Upgrades and Downgrades

Separately, National Bankshares raised their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$21.90.

First Capital Real Estate Investment Trust Stock Performance

The firm’s 50-day moving average price is C$19.14 and its two-hundred day moving average price is C$18.86. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The firm has a market capitalization of C$4.07 billion, a PE ratio of 16.59, a P/E/G ratio of -2.77 and a beta of 0.92.

About First Capital Real Estate Investment Trust

First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada’s populated centres. The company’s focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.