First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.11 and traded as high as C$18.41. First Capital Real Estate Investment Trust shares last traded at C$18.19, with a volume of 775,391 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. CIBC boosted their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Canaccord Genuity Group boosted their price target on shares of First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the company a “buy” rating in a report on Monday, September 16th. Royal Bank of Canada boosted their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a report on Friday, August 2nd. TD Securities boosted their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Raymond James set a C$20.50 price target on shares of First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, First Capital Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus target price of C$19.36.

First Capital Real Estate Investment Trust Trading Up 0.5 %

The business’s fifty day simple moving average is C$17.76 and its 200 day simple moving average is C$16.14. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The stock has a market cap of C$3.86 billion, a P/E ratio of -62.79, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28.

First Capital Real Estate Investment Trust Company Profile

First Capital Real Estate Investment Trust (First Capital, RCF or the Fund) is an unincorporated open-end mutual fund governed by the laws of the Province of Ontario, Canada, and established pursuant to a declaration of trust dated October 16, 2019, which may be amended from time to time (the Declaration of Trust).