First Capital Real Estate Investment Trust (TSE:FCR.UN) Shares Cross Above 200 Day Moving Average – Time to Sell?

First Capital Real Estate Investment Trust (TSE:FCR.UN) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.49 and traded as high as C$23.47. First Capital Real Estate Investment Trust shares last traded at C$23.46, with a volume of 486,438 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on FCR.UN. BMO Capital Markets cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$22.00 to C$24.20 in a research note on Thursday, May 7th. Royal Bank Of Canada cut First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$23.00 to C$24.40 in a report on Wednesday, May 27th. Canaccord Genuity Group downgraded First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$23.50 to C$24.40 in a research report on Friday, April 17th. Finally, Canadian Imperial Bank of Commerce lowered First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price target for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$23.36.

First Capital Real Estate Investment Trust Stock Performance

The business’s fifty day moving average is C$23.28 and its two-hundred day moving average is C$21.53. The stock has a market capitalization of C$4.97 billion, a PE ratio of 4.63, a price-to-earnings-growth ratio of -2.77 and a beta of 1.01. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. The company had revenue of C$189.71 million for the quarter. As a group, research analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal year.

First Capital Real Estate Investment Trust Company Profile

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.