First Capital Real Estate Investment Trust (TSE:FCR.UN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.11 and traded as high as C$18.41. First Capital Real Estate Investment Trust shares last traded at C$18.19, with a volume of 775,391 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FCR.UN. TD Securities lifted their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Canaccord Genuity Group upped their price target on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Scotiabank boosted their price objective on shares of First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a report on Friday, August 2nd. Desjardins increased their target price on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, National Bankshares boosted their price target on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and eight have given 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 an average price target of C$19.22.

First Capital Real Estate Investment Trust Stock Performance

The stock’s 50 day moving average is C$17.69 and its two-hundred day moving average is C$16.11. The stock has a market capitalization of C$3.86 billion, a price-to-earnings ratio of -62.72, 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.

First Capital Real Estate Investment Trust Company Profile

First Capital Real Estate Investment Trust (First Capital, RCF or the Fund) is an unincorporated open-end mutual fund governed by the laws of the Province of Ontario, Canada, and established pursuant to a declaration of trust dated October 16, 2019, which may be amended from time to time (the Declaration of Trust).