First Capital Real Estate Investment Trust (TSE:FCR.UN) Share Price Passes Above 200-Day Moving Average – Should You Sell?

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$18.35 and traded as high as C$18.96. First Capital Real Estate Investment Trust shares last traded at C$18.54, with a volume of 426,011 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. TD Securities increased their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. National Bankshares increased their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Desjardins increased their price objective on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the company a “buy” rating in a research note on Thursday, July 31st. Royal Bank Of Canada increased their price objective on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, CIBC increased their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$21.90.

First Capital Real Estate Investment Trust Stock Performance

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 company has a market cap of C$3.94 billion, a P/E ratio of 15.08, a P/E/G ratio of -2.77 and a beta of 0.95. The business has a fifty day moving average of C$19.36 and a 200 day moving average of C$18.35.

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.