First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Crosses Above 200-Day Moving Average – Here’s Why

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$20.34 and traded as high as C$23.27. First Capital Real Estate Investment Trust shares last traded at C$23.18, with a volume of 295,015 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FCR.UN shares. Raymond James Financial lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$21.75 to C$22.50 in a report on Wednesday, February 18th. Canaccord Genuity Group lowered shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from C$23.50 to C$24.40 in a report on Friday, April 17th. Royal Bank Of Canada increased their target price 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 report on Friday, February 13th. National Bank Financial increased 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 report on Friday, February 13th. Finally, BMO Capital Markets lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$22.00 to C$24.20 in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.19.

First Capital Real Estate Investment Trust Stock Performance

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 business’s fifty day simple moving average is C$21.89 and its 200-day simple moving average is C$20.36. The firm has a market capitalization of C$4.93 billion, a PE ratio of 4.59, a price-to-earnings-growth ratio of -2.77 and a beta of 0.96.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. The business had revenue of C$189.71 million during the quarter. As a group, equities research analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 EPS 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.