First Capital Real Estate Investment Trust (TSE:FCR.UN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

First Capital Real Estate Investment Trust (TSE:FCR.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.00 and traded as high as C$23.49. First Capital Real Estate Investment Trust shares last traded at C$23.11, with a volume of 788,899 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently commented on FCR.UN. Royal Bank Of Canada downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$23.00 to C$24.40 in a report on Wednesday, May 27th. BMO Capital Markets downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$22.00 to C$24.20 in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price objective for the company from C$22.50 to C$24.40 in a report on Friday, April 17th. Raymond James Financial downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$21.75 to C$22.50 in a report on Wednesday, February 18th. Finally, Canaccord Genuity Group downgraded First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and upped their price objective for the company from C$23.50 to C$24.40 in a report on Friday, April 17th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, First Capital Real Estate Investment Trust currently has an average rating of “Hold” and an average target price of C$23.36.

First Capital Real Estate Investment Trust Stock Down 0.9%

The firm has a fifty day simple moving average of C$23.07 and a 200-day simple moving average of C$21.04. The company has a market capitalization of C$4.86 billion, a P/E ratio of 4.53, a P/E/G ratio of -2.77 and a beta of 0.99. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%.The company had revenue of C$189.71 million during the quarter. On average, equities research analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal year.

First Capital Real Estate Investment Trust Company Profile

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.