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

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.19 and traded as high as C$19.44. First Capital Real Estate Investment Trust shares last traded at C$19.33, with a volume of 265,270 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FCR.UN. Royal Bank Of Canada upped their price target on shares of First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Desjardins upped their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the stock a “buy” rating in a research note on Thursday, July 31st. National Bankshares upped their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. CIBC upped their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, TD Securities upped their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$21.18.

First Capital Real Estate Investment Trust Trading Down 0.4%

The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The stock’s 50 day moving average price is C$19.35 and its 200-day moving average price is C$18.19. The stock has a market capitalization of C$4.11 billion, a P/E ratio of 15.73, a P/E/G ratio of -2.77 and a beta of 0.95.

First Capital Real Estate Investment Trust Company Profile

First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada’s populated centres. The company’s focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.