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

Key Points

• First Capital Real Estate Investment Trust's stock price recently crossed above its two hundred day moving average, reaching a high of C$19.56 before closing at C$19.53.
• Several analysts have raised their price targets for the stock, with most giving it a "buy" or "outperform" rating, resulting in an average target of C$21.09.
• The company currently has a market capitalization of C$4.15 billion and a P/E ratio of 15.89, indicating a moderate valuation in the real estate sector.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$18.01 and traded as high as C$19.56. First Capital Real Estate Investment Trust shares last traded at C$19.53, with a volume of 190,203 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Desjardins increased 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. Royal Bank Of Canada increased 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 report on Thursday, July 31st. CIBC raised their price objective 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 report on Thursday, July 31st. National Bankshares raised their price objective 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 report on Wednesday. Finally, TD Securities boosted 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 report on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, First Capital Real Estate Investment Trust currently has an average rating of "Moderate Buy" and an average price target of C$21.09.

First Capital Real Estate Investment Trust Stock Up 0.3%

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 market capitalization of C$4.15 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of -2.77 and a beta of 0.95. The company has a 50-day moving average of C$19.24 and a two-hundred day moving average of C$18.01.

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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