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

First Capital Real Estate Investment Trust (TSE:FCR.UN) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$22.61 and traded as high as C$22.65. First Capital Real Estate Investment Trust shares last traded at C$22.63, with a volume of 473,330 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$23.00 to C$24.40 in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Capital Real Estate Investment Trust presently has a consensus rating of “Hold” and an average price target of C$23.90.

First Capital Real Estate Investment Trust Stock Performance

The stock has a market cap of C$4.82 billion, a P/E ratio of 4.66, a price-to-earnings-growth ratio of -2.77 and a beta of 0.94. The stock has a 50 day simple moving average of C$22.77 and a 200 day simple moving average of C$22.62. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its quarterly earnings data on Monday, July 27th. The company reported C$0.11 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 firm had revenue of C$185.87 million for the quarter. On average, equities analysts expect 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.