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

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$19.64 and traded as high as C$20.81. First Capital Real Estate Investment Trust shares last traded at C$20.55, with a volume of 335,377 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FCR.UN. National Bank Financial boosted their target price on shares of First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Raymond James Financial downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lifted their price target for the company from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada boosted their price objective on First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$22.42.

First Capital Real Estate Investment Trust Trading Up 0.6%

The firm has a 50 day moving average of C$20.43 and a 200 day moving average of C$19.64. The firm has a market cap of C$4.37 billion, a PE ratio of 4.10, a P/E/G ratio of -2.77 and a beta of 1.02. 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 released its earnings results 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. Equities analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share 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.