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

Key Points

• First Capital Real Estate Investment Trust (TSE:FCR.UN) shares have recently surpassed their 200-day moving average, reaching a trading high of C$19.30, while closing at C$19.09.
• Several analysts, including CIBC and Royal Bank of Canada, have raised their price targets for the stock, with a consensus target price now at C$20.86 and a general rating of "Moderate Buy."
• The company has a current market capitalization of C$4.05 billion and a notably high debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.30 and traded as high as C$19.30. First Capital Real Estate Investment Trust shares last traded at C$19.09, with a volume of 499,542 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have commented on FCR.UN shares. CIBC lifted their price target on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Royal Bank Of Canada lifted their price target on 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. Desjardins lifted their price target 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. National Bankshares lifted their price target on 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, TD Securities lifted their price target on 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, First Capital Real Estate Investment Trust has a consensus rating of "Moderate Buy" and a consensus target price of C$20.86.

First Capital Real Estate Investment Trust Stock Up 0.3%

The firm has a market capitalization of C$4.05 billion, a price-to-earnings ratio of -65.83, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The firm has a 50 day moving average price of C$18.27 and a two-hundred day moving average price of C$17.30.

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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