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

First Capital Real Estate Investment Trust (TSE:FCR.UN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.52 and traded as high as C$23.62. First Capital Real Estate Investment Trust shares last traded at C$23.57, with a volume of 316,188 shares trading hands.

Wall Street Analysts Forecast Growth

FCR.UN has been the subject of a number of research reports. BMO Capital Markets cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from C$22.00 to C$24.20 in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce lowered First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price objective for the company from C$22.50 to C$24.40 in a research report on Friday, April 17th. Raymond James Financial cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$21.75 to C$22.50 in a report on Wednesday, February 18th. Canaccord Genuity Group lowered First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and upped their target price for the stock from C$23.50 to C$24.40 in a research note on Friday, April 17th. Finally, National Bank Financial increased their price target 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 report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$23.19.

First Capital Real Estate Investment Trust Stock Up 0.3%

The stock has a 50 day moving average price of C$22.13 and a 200-day moving average price of C$20.52. The stock has a market capitalization of C$5.01 billion, a P/E ratio of 4.67, a PEG ratio of -2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share for 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%.The company had revenue of C$189.71 million during the quarter. As a group, research analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 EPS 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.