First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Crosses Above 200 Day Moving Average – Time to Sell?

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$21.31 and traded as high as C$23.28. First Capital Real Estate Investment Trust shares last traded at C$23.14, with a volume of 709,488 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FCR.UN shares. Canadian Imperial Bank of Commerce downgraded shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price objective for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. Royal Bank Of Canada downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$23.00 to C$24.40 in a research note on Wednesday, May 27th. BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$22.00 to C$24.20 in a report on Thursday, May 7th. Finally, Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and increased their target price for the company from C$23.50 to C$24.40 in a research report on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$23.36.

First Capital Real Estate Investment Trust Price Performance

The firm has a market capitalization of C$4.95 billion, a P/E ratio of 4.61, a P/E/G ratio of -2.77 and a beta of 0.99. 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’s fifty day simple moving average is C$23.27 and its 200 day simple moving average is C$21.34.

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