First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Shares Down 0.3% – Here’s Why

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF)’s stock price was down 0.3% during mid-day trading on Monday . The company traded as low as $15.32 and last traded at $15.32. Approximately 135,165 shares were traded during trading, an increase of 557% from the average daily volume of 20,559 shares. The stock had previously closed at $15.37.

Wall Street Analysts Forecast Growth

FCXXF has been the topic of several research reports. BMO Capital Markets reiterated an “outperform” rating on shares of First Capital Real Estate Investment Trust in a research report on Friday, February 13th. Raymond James Financial lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada reiterated an “outperform” rating on shares of First Capital Real Estate Investment Trust in a report on Friday, February 13th. Finally, Scotiabank reissued a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research note on Thursday, February 12th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

First Capital Real Estate Investment Trust Price Performance

The stock has a 50 day moving average of $14.60 and a two-hundred day moving average of $14.04.

About First Capital Real Estate Investment Trust

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.