First Capital Real Estate Investment Trust (TSE:FCR.UN) Shares Pass Above Two Hundred Day Moving Average - What's Next?

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)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

First Capital Real Estate Investment Trust Stock Performance

The stock has a market cap of C$4.06 billion, a price-to-earnings ratio of -65.97, a P/E/G ratio of -2.77 and a beta of 1.28. 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 50 day simple moving average of C$18.33 and a 200 day simple moving average of C$17.34.

About First Capital Real Estate Investment Trust

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.