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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$22.46 and traded as high as C$22.75. First Capital Real Estate Investment Trust shares last traded at C$22.73, with a volume of 240,141 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$23.00 to C$24.40 in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, First Capital Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus target price of C$23.90.

First Capital Real Estate Investment Trust Stock Performance

The firm’s fifty day moving average price is C$22.95 and its 200-day moving average price is C$22.46. The company has a market cap of C$4.83 billion, a P/E ratio of 4.68, a P/E/G ratio of -2.77 and a beta of 0.94. 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 (TSE:FCR.UN) last released its earnings results on Monday, July 27th. The company reported C$0.11 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$185.87 million during the quarter. As a group, research analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal year.

About First Capital Real Estate Investment Trust

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