First Capital Real Estate Investment Trust (TSE:FCR.UN) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• First Capital Real Estate Investment Trust (TSE:FCR.UN) recently surpassed its 200-day moving average with a peak trading price of C$19.65.
• Several analysts upgraded their price targets, with a consensus rating of "Moderate Buy" and an average target price of C$20.97.
• The company has a market capitalization of C$4.15 billion and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.84 and traded as high as C$19.65. First Capital Real Estate Investment Trust shares last traded at C$19.54, with a volume of 313,776 shares trading hands.

Analyst Upgrades and Downgrades

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

First Capital Real Estate Investment Trust Price Performance

The company has a market capitalization of C$4.15 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of -2.77 and a beta of 0.91. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The company has a 50 day simple moving average of C$19.07 and a 200 day simple moving average of C$17.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.