First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.19 and traded as high as C$19.44. First Capital Real Estate Investment Trust shares last traded at C$19.33, with a volume of 265,270 shares.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FCR.UN. CIBC boosted their price target 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 boosted their price target 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 Wednesday, October 8th. Royal Bank Of Canada upped their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Desjardins upped their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, 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 company a "buy" rating in a research report on Thursday, July 31st. Five 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$21.18.

First Capital Real Estate Investment Trust Price Performance

The stock has a market capitalization of C$4.11 billion, a PE ratio of 15.73, a PEG ratio of -2.77 and a beta of 0.95. The firm's 50-day moving average price is C$19.35 and its 200-day moving average price is C$18.19. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41.

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.

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