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

First Capital Real Estate Investment Trust (TSE:FCR.UN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

FCR.UN has been the subject of a number of research reports. TD Securities increased their target price 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. Raymond James set a C$20.50 price objective on shares of First Capital Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Friday, October 18th. Royal Bank of Canada boosted their target price on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. 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 company a “sector perform” rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group boosted their price objective on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, First Capital Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of C$20.11.

First Capital Real Estate Investment Trust Stock Up 0.5 %

The firm has a market cap of C$3.61 billion, a PE ratio of -58.69, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The company has a 50-day simple moving average of C$17.73 and a 200-day simple moving average of C$17.00. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

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).