First Capital Real Estate Investment Trust (TSE:FCR.UN) Shares Pass Above 200-Day Moving Average – Here’s Why

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.52 and traded as high as C$21.11. First Capital Real Estate Investment Trust shares last traded at C$20.70, with a volume of 562,298 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James Financial downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price target for the company from C$21.75 to C$22.50 in a report on Wednesday, February 18th. Royal Bank Of Canada increased their price objective on shares of First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, National Bank Financial raised their price objective on shares of First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research note on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, First Capital Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$22.42.

First Capital Real Estate Investment Trust Trading Down 0.9%

The firm has a market capitalization of C$4.39 billion, a PE ratio of 4.13, a P/E/G ratio of -2.77 and a beta of 1.02. The firm has a 50 day simple moving average of C$20.17 and a 200 day simple moving average of C$19.54. 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 posted its quarterly earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share for the quarter. The firm had revenue of C$185.38 million during the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%. Equities analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current fiscal 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.