Shares of First Capital Real Estate Investment Trust (OTCMKTS:FCXXF – Get Free Report) shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $16.3650 and last traded at $16.3650. 322 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 16,981 shares. The stock had previously closed at $16.29.
Wall Street Analyst Weigh In
A number of analysts have recently commented on FCXXF shares. Scotiabank restated a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research note on Friday, April 17th. Canadian Imperial Bank of Commerce cut First Capital Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a research report on Thursday, April 16th. BMO Capital Markets downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, May 27th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on First Capital Real Estate Investment Trust
First Capital Real Estate Investment Trust Trading Up 0.5%
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.
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