First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

First Capital Real Estate Investment Trust (TSE:FCR.UN) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.00 and traded as high as C$17.07. First Capital Real Estate Investment Trust shares last traded at C$17.02, with a volume of 84,206 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FCR.UN shares. BMO Capital Markets increased their price objective on shares of First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a research note on Monday, October 28th. National Bankshares lifted their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research note on Wednesday, October 9th. Royal Bank of Canada upped their target price on First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. TD Securities lifted their price target on First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Scotiabank increased their price target on shares of First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$20.11.

First Capital Real Estate Investment Trust Trading Up 0.5 %

The stock has a market capitalization of C$3.61 billion, a price-to-earnings ratio of -58.69, a PEG 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’s 50-day moving average is C$17.71 and its 200-day moving average is C$17.02.

About First Capital Real Estate Investment Trust

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).