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

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.68 and traded as high as C$20.70. First Capital Real Estate Investment Trust shares last traded at C$20.62, with a volume of 561,519 shares traded.

Analysts Set New Price Targets

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

First Capital Real Estate Investment Trust Trading Up 1.3%

The stock has a market cap of C$4.38 billion, a PE ratio of 4.12, a price-to-earnings-growth ratio of -2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The company’s 50-day moving average price is C$20.53 and its 200 day moving average price is C$19.68.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C$4.00 EPS for the quarter. The business had revenue of C$185.38 million 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%. On average, sell-side analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal 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.