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

Key Points

• First Capital Real Estate Investment Trust's share price has risen above its 200-day moving average, reaching C$19.34 and indicating a potential upward trend.
• Multiple research firms upgraded their target prices for the stock, with estimates ranging from C$21.50 to C$22.00, and an average consensus target price of C$20.86.
• The company has a market capitalization of C$4.11 billion and is recognized for developing mixed-use urban real estate in Canada’s major cities.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.52 and traded as high as C$19.38. First Capital Real Estate Investment Trust shares last traded at C$19.34, with a volume of 233,710 shares.

Analysts Set New Price Targets

FCR.UN has been the subject of several research analyst reports. Royal Bank Of Canada lifted 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. CIBC lifted their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. TD Securities upped 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 report on Thursday, July 31st. National Bankshares increased their price objective on shares of First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Desjardins lifted their target price 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. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$20.86.

First Capital Real Estate Investment Trust Stock Performance

The firm has a 50 day moving average of C$18.70 and a 200-day moving average of C$17.54. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The stock has a market capitalization of C$4.07 billion, a PE ratio of 15.57, a P/E/G ratio of -2.77 and a beta of 0.92.

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.