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

Key Points

• First Capital Real Estate Investment Trust's stock price has recently crossed above its 200-day moving average, reaching C$19.38 during trading.
• Several brokerages upgraded their price targets for the stock, with most now having a target between C$21.00 and C$22.00 and a consensus rating of "Moderate Buy."
• The company holds a market capitalization of C$4.09 billion and has a current ratio of 1.22, indicating a stable financial position.

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 Tuesday . The stock has a two hundred day moving average of C$17.62 and traded as high as C$19.38. First Capital Real Estate Investment Trust shares last traded at C$19.26, with a volume of 201,448 shares traded.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. 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. TD Securities lifted their price objective on 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. Desjardins boosted 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 research note on Thursday, July 31st. CIBC boosted 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 research note on Thursday, July 31st. Finally, National Bankshares boosted 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 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$20.86.

First Capital Real Estate Investment Trust Stock Up 0.2%

The firm has a 50-day moving average of C$18.89 and a 200 day moving average of C$17.70. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The stock has a market capitalization of C$4.14 billion, a price-to-earnings ratio of 15.86, a PEG ratio of -2.77 and a beta of 0.91.

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.