First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Crosses 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 trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FCR.UN shares. Desjardins lifted their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. CIBC lifted their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. National Bankshares lifted their target price on shares of First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, TD Securities lifted their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, First Capital Real Estate Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of C$20.97.

First Capital Real Estate Investment Trust Stock Up 1.8%

The stock's fifty day moving average is C$18.96 and its two-hundred day moving average is C$17.74. 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 firm has a market cap of C$4.14 billion, a P/E ratio of 15.84, a price-to-earnings-growth 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.