First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Trading 1.2% Higher – Here’s What Happened

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) rose 1.2% during mid-day trading on Thursday . The stock traded as high as $15.1380 and last traded at $15.1380. Approximately 44,960 shares changed hands during mid-day trading, an increase of 560% from the average daily volume of 6,808 shares. The stock had previously closed at $14.96.

Wall Street Analyst Weigh In

Separately, Scotiabank reiterated a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, First Capital Real Estate Investment Trust has an average rating of “Moderate Buy”.

First Capital Real Estate Investment Trust Trading Up 1.2%

The business’s 50-day moving average is $14.00 and its 200-day moving average is $13.85.

First Capital Real Estate Investment Trust Company Profile

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.