First Capital Realty (TSE:FCR) Shares Cross Above 200-Day Moving Average of $21.50

First Capital Realty Inc (TSE:FCR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.50 and traded as high as $22.23. First Capital Realty shares last traded at $22.00, with a volume of 108,657 shares trading hands.

A number of analysts recently commented on the stock. CIBC upped their price target on shares of First Capital Realty from C$23.00 to C$23.50 in a research note on Friday, August 2nd. National Bank Financial lowered their price objective on shares of First Capital Realty from C$23.00 to C$22.50 in a research report on Friday, May 10th. Finally, Raymond James reaffirmed a “market perform” rating and set a C$22.50 target price on shares of First Capital Realty in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$23.75.

The firm’s 50-day moving average is C$22.02 and its 200-day moving average is C$21.50. The company has a debt-to-equity ratio of 117.75, a current ratio of 0.93 and a quick ratio of 0.07. The company has a market capitalization of $4.85 billion and a P/E ratio of 16.14.

In other news, Director Dori Segal bought 3,500 shares of First Capital Realty stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of C$10.46 per share, with a total value of C$36,610.00. Following the completion of the purchase, the director now owns 76,000 shares in the company, valued at approximately C$794,960.

About First Capital Realty (TSE:FCR)

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.

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