First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Stock Price Up 0.9% – Still a Buy?

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF)’s stock price was up 0.9% during mid-day trading on Friday . The company traded as high as $16.3580 and last traded at $16.3580. 803 shares were traded during trading, a decline of 96% from the average session volume of 17,886 shares. The stock had previously closed at $16.21.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a report on Thursday, April 16th. Royal Bank Of Canada downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a report on Wednesday, May 27th. BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Finally, Scotiabank reiterated a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research note on Friday, April 17th. 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, the stock presently has an average rating of “Hold”.

First Capital Real Estate Investment Trust Trading Up 0.9%

The company’s 50-day moving average is $16.82 and its two-hundred day moving average is $15.40.

About First Capital Real Estate Investment Trust

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.