First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Sees Large Increase in Short Interest
First Capital Real Estate Investment Trust (OTCMKTS:FCXXF – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 311,000 shares, an increase of 23.3% from the April 15th total of 252,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 3,110.0 days.
Several research analysts have recently issued reports on FCXXF shares. Royal Bank of Canada cut their price target on First Capital Real Estate Investment Trust from C$22.00 to C$21.00 in a research note on Thursday, May 5th. BMO Capital Markets cut their target price on First Capital Real Estate Investment Trust from C$21.50 to C$21.00 in a research report on Thursday, May 5th. Scotiabank dropped their price target on First Capital Real Estate Investment Trust from C$20.00 to C$19.50 in a research report on Thursday, May 5th. Finally, National Bank Financial lowered their price objective on First Capital Real Estate Investment Trust from C$20.50 to C$19.50 in a research note on Wednesday, April 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $21.00.
Shares of First Capital Real Estate Investment Trust stock opened at $11.57 on Wednesday. The business has a fifty day simple moving average of $13.68 and a 200 day simple moving average of $14.08. First Capital Real Estate Investment Trust has a 12 month low of $11.57 and a 12 month high of $15.14.
About First Capital Real Estate Investment Trust (Get Rating)
First Capital is a leading developer, owner and manager of mixed-use real estate located in Canada’s most densely populated cities. First Capital’s focus is on creating thriving urban neighborhoods to generate value for businesses, residents, communities and our investors.
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