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

Key Points

• First Capital Real Estate Investment Trust shares exceeded their 200-day moving average of C$17.72, trading at C$19.18 with over 261,000 shares exchanged.
• Analysts have raised their price targets for the stock, with new objectives ranging from C$21.50 to C$22.00, leading to multiple "outperform" and "buy" ratings.
• The company has a market capitalization of C$4.06 billion and a consensus rating of "Moderate Buy" with a price target of C$20.97.

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.72 and traded as high as C$19.50. First Capital Real Estate Investment Trust shares last traded at C$19.18, with a volume of 261,326 shares.

Analyst Ratings Changes

FCR.UN has been the subject of a number of research analyst reports. CIBC upped their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Desjardins upped their price objective on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. National Bankshares upped their price objective on First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Royal Bank Of Canada upped their price objective on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, TD Securities upped their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$20.97.

First Capital Real Estate Investment Trust Trading Up 1.8%

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 business's 50-day simple moving average is C$18.98 and its two-hundred day simple moving average is C$17.76. The company has a market capitalization of C$4.14 billion, a PE ratio of 15.84, a PEG ratio of -2.77 and a beta of 0.91.

First Capital Real Estate Investment Trust Company Profile

First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.