First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Passes Above Two Hundred Day Moving Average of $15.54

First Capital Real Estate Investment Trust (TSE:FCR.UN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.54 and traded as high as C$16.69. First Capital Real Estate Investment Trust shares last traded at C$16.65, with a volume of 141,410 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FCR.UN shares. Scotiabank upped their price objective on First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a report on Friday, August 2nd. Royal Bank of Canada boosted their target price on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a research note on Friday, August 2nd. Desjardins upped their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, CIBC upped their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$18.46.

First Capital Real Estate Investment Trust Stock Up 2.3 %

The firm has a market cap of C$3.64 billion, a price-to-earnings ratio of -59.00, a P/E/G ratio of -2.77 and a beta of 1.27. 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 has a 50-day moving average of C$15.72 and a 200-day moving average of C$15.56.

Insider Buying and Selling at First Capital Real Estate Investment Trust

In related news, Director Al Mawani bought 5,000 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of C$14.58 per share, with a total value of C$72,900.00. Company insiders own 0.43% of the company’s stock.

First Capital Real Estate Investment Trust Company Profile

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.