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 growth in short interest in the month of May. As of May 31st, there was short interest totaling 308,300 shares, a growth of 7.4% from the May 15th total of 287,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 3,083.0 days.

Wall Street Analysts Forecast Growth

A number of equity research analysts have commented on the stock. TD Securities dropped their price objective on shares of First Capital Real Estate Investment Trust from C$22.00 to C$21.00 in a research report on Thursday, May 4th. Royal Bank of Canada decreased their price target on shares of First Capital Real Estate Investment Trust from C$21.00 to C$20.00 in a research note on Thursday, May 4th. Desjardins started coverage on First Capital Real Estate Investment Trust in a report on Thursday, March 30th. They set a “buy” rating on the stock. National Bank Financial upgraded First Capital Real Estate Investment Trust from a “sector performing” rating to an “outperform” rating in a research note on Tuesday, April 18th. Finally, CIBC boosted their price objective on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.00 in a research note on Thursday, May 4th.

First Capital Real Estate Investment Trust Price Performance

Shares of FCXXF stock opened at $10.97 on Tuesday. First Capital Real Estate Investment Trust has a twelve month low of $10.55 and a twelve month high of $13.34. The firm has a 50-day moving average price of $11.41 and a 200-day moving average price of $12.11.

First Capital Real Estate Investment Trust Company Profile

(Get Rating)

First Capital owns, operates and grocery develops-anchored, open-air centers in the neighborhoods with the strongest demographics in Canada.

Further Reading

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