First Capital Real Estate Investment Trust (TSE:FCR.UN) Shares Pass Above 200 Day Moving Average – Here’s Why

First Capital Real Estate Investment Trust (TSE:FCR.UN) 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.

Analyst Ratings Changes

FCR.UN has been the topic of several research analyst reports. 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 note on Wednesday, October 30th. National Bankshares upped their price objective on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a report on Wednesday, October 9th. Scotiabank boosted 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 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 report on Friday, October 18th. Finally, Royal Bank of Canada increased their price objective on 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$20.11.

First Capital Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The business’s 50-day simple moving average is C$17.73 and its 200-day simple moving average is C$17.00. The stock has a market cap of C$3.61 billion, a PE ratio of -58.69, a PEG ratio of -2.77 and a beta of 1.28.

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).