First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

First Capital Real Estate Investment Trust (TSE:FCR.UN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.52 and traded as high as C$21.11. First Capital Real Estate Investment Trust shares last traded at C$20.70, with a volume of 562,298 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FCR.UN. National Bank Financial lifted their price objective on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research note 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 and upped their target price for the stock from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada lifted their price target on shares of First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, First Capital Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$22.42.

First Capital Real Estate Investment Trust Stock Performance

The company has a market capitalization of C$4.40 billion, a price-to-earnings ratio of 4.13, a PEG ratio of -2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The stock has a 50 day simple moving average of C$20.09 and a two-hundred day simple moving average of C$19.52.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$4.00 earnings per share (EPS) for 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%.The business had revenue of C$185.38 million during the quarter. As a group, analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current year.

First Capital Real Estate Investment Trust Company Profile

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.