First Capital Real Estate Investment Trust (TSE:FCR.UN) Trading 0.3% Higher - Here's What Happened

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report)'s stock price shot up 0.3% on Thursday . The company traded as high as C$17.86 and last traded at C$17.83. 368,781 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 342,588 shares. The stock had previously closed at C$17.78.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the stock a "buy" rating in a research report on Monday, September 16th. Royal Bank of Canada upped their target price 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 note on Wednesday, October 30th. National Bankshares increased their target price 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 increased their target price on shares of First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price objective on shares of First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a report on Monday, October 28th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, First Capital Real Estate Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of C$20.11.

First Capital Real Estate Investment Trust Stock Performance

The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The company's 50-day moving average price is C$17.94 and its two-hundred day moving average price is C$16.78. The company has a market cap of C$3.78 billion, a P/E ratio of -61.48, a price-to-earnings-growth 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).