First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Sees Large Decrease in Short Interest
First Capital Real Estate Investment Trust (OTCMKTS:FCXXF – Get Rating) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totaling 168,900 shares, a decline of 49.9% from the May 15th total of 337,200 shares. Based on an average daily trading volume of 800 shares, the short-interest ratio is currently 211.1 days.
FCXXF has been the subject of several research analyst reports. National Bank Financial decreased their price target on shares of First Capital Real Estate Investment Trust from C$20.50 to C$19.50 in a research note on Wednesday, April 27th. BMO Capital Markets decreased their price target on shares of First Capital Real Estate Investment Trust from C$21.50 to C$21.00 in a research note on Thursday, May 5th. Scotiabank decreased their price target on shares of First Capital Real Estate Investment Trust from C$20.00 to C$19.50 in a research note on Thursday, May 5th. Finally, Royal Bank of Canada decreased their price target on shares of First Capital Real Estate Investment Trust from C$22.00 to C$21.00 in a research note on Thursday, May 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $21.00.
Shares of OTCMKTS:FCXXF opened at $12.34 on Friday. First Capital Real Estate Investment Trust has a 52 week low of $11.57 and a 52 week high of $15.14. The firm has a 50 day moving average of $12.85 and a 200 day moving average of $13.76.
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.
read more
Receive News & Ratings for First Capital Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for First Capital Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.