First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of 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$16.91 and traded as high as C$17.58. First Capital Real Estate Investment Trust shares last traded at C$17.33, with a volume of 321,576 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Raymond James set a C$20.50 price objective on First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Friday, October 18th. TD Securities lifted their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. CIBC upped their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group upped their price objective on shares of First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the company a “buy” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$20.11.

First Capital Real Estate Investment Trust Price Performance

The firm has a market cap of C$3.68 billion, a price-to-earnings ratio of -59.76, a P/E/G ratio of -2.77 and a beta of 1.28. The business’s 50-day moving average price is C$17.82 and its two-hundred day moving average price is C$16.91. 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).