First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Stock Price Down 1.5% – Should You Sell?

by · The Markets Daily

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF – Get Free Report)’s share price dropped 1.5% during trading on Monday . The stock traded as low as $16.78 and last traded at $16.78. Approximately 1,428 shares were traded during trading, a decline of 93% from the average daily volume of 21,819 shares. The stock had previously closed at $17.03.

Analyst Upgrades and Downgrades

FCXXF has been the topic of several research analyst reports. Raymond James Financial cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. BMO Capital Markets cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 6th. Canadian Imperial Bank of Commerce cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a report on Thursday, April 16th. Scotiabank reaffirmed a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research note on Friday, April 17th. Finally, Royal Bank Of Canada lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Get Our Latest Report on First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust Trading Down 1.5%

The stock’s 50-day simple moving average is $16.37 and its two-hundred day simple moving average is $15.03.

First Capital Real Estate Investment Trust Company Profile

(Get Free Report)

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) is a Canadian real estate investment trust focused on the ownership, development and management of retail properties. The trust’s portfolio primarily comprises grocery-anchored and necessity-based shopping centres that serve urban and suburban neighbourhoods across Canada. By concentrating on properties with stable, long-term lease profiles and essential service offerings, First Capital REIT aims to provide consistent occupancy and rental revenue streams.

Established in 2012 through a strategic spin-off from an existing Canadian property group, First Capital REIT has grown its holdings through acquisitions, selective developments and joint-venture partnerships.

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