First Capital Realty (TSE:FCR) Stock Passes Above Two Hundred Day Moving Average of $21.58

First Capital Realty Inc (TSE:FCR)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.58 and traded as high as $22.04. First Capital Realty shares last traded at $21.80, with a volume of 132,191 shares trading hands.

A number of equities research analysts recently weighed in on FCR shares. CIBC boosted their price objective on First Capital Realty from C$23.00 to C$23.50 in a research report on Friday, August 2nd. Canaccord Genuity boosted their price objective on First Capital Realty from C$24.00 to C$25.00 in a report on Wednesday, September 4th. Finally, Raymond James reissued a “market perform” rating and issued a C$22.50 price target on shares of First Capital Realty in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$23.93.

The stock has a market capitalization of $4.83 billion and a P/E ratio of 16.00. The business has a 50-day moving average price of C$22.05 and a 200 day moving average price of C$21.58. The company has a debt-to-equity ratio of 117.75, a quick ratio of 0.07 and a current ratio of 0.93.

First Capital Realty (TSE:FCR) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.31 by C$0.05. The business had revenue of C$186.83 million during the quarter. As a group, research analysts forecast that First Capital Realty Inc will post 1.9 earnings per share for the current fiscal year.

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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