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

Key Points

• Shares of First Capital Real Estate Investment Trust recently crossed above its 200-day moving average (200-day = C$20.00), trading as high as C$23.57 and last at C$23.38 on volume of 582,485, suggesting a technical uplift.
• Analyst sentiment is mixed but leaning positive: the consensus rating is Moderate Buy with a consensus target of C$23.04 after several firms raised price targets while a few trimmed ratings.
• Fundamentals are mixed — market cap C$4.97B and a low P/E of 4.67 contrast with a negative net margin (-8.48%), negative ROE, and a high debt-to-equity ratio (112.41), highlighting profitability and leverage concerns.

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$20.00 and traded as high as C$23.57. First Capital Real Estate Investment Trust shares last traded at C$23.38, with a volume of 582,485 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FCR.UN shares. National Bank Financial boosted their price target on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an "outperform" rating in a research note on Friday, February 13th. Canaccord Genuity Group downgraded First Capital Real Estate Investment Trust from a "buy" rating to a "hold" rating and boosted their price target for the company from C$23.50 to C$24.40 in a research note on Friday, April 17th. Royal Bank Of Canada boosted their price target on First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an "outperformer" rating to a "neutral" rating and boosted their price target for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. Finally, Raymond James Financial downgraded First Capital Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and boosted their price target for the company from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$23.04.

First Capital Real Estate Investment Trust Trading Down 0.6%

The firm has a market cap of C$4.97 billion, a price-to-earnings ratio of 4.67, a PEG ratio of -2.77 and a beta of 0.89. The business has a fifty day simple moving average of C$21.26 and a 200-day simple moving average of C$20.00. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share for the quarter. The company had revenue of C$185.38 million during the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%. As a group, equities analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current fiscal year.

About First Capital Real Estate Investment Trust

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.

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