First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Shares Up 2.2% – Should You Buy?

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) shot up 2.2% on Wednesday . The company traded as high as $15.08 and last traded at $15.08. 2,244 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 26,788 shares. The stock had previously closed at $14.75.

Analysts Set New Price Targets

FCXXF has been the topic of several research reports. Raymond James Financial lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of First Capital Real Estate Investment Trust in a research report on Friday, February 13th. BMO Capital Markets reiterated an “outperform” rating on shares of First Capital Real Estate Investment Trust in a research note on Friday, February 13th. Finally, Scotiabank reissued a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Capital Real Estate Investment Trust currently has an average rating of “Moderate Buy”.

First Capital Real Estate Investment Trust Stock Up 2.2%

The firm has a 50 day moving average price of $15.10 and a 200-day moving average price of $14.21.

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.