First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives C$23.04 Average PT from Brokerages

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$23.19.

Several research firms have recently commented on FCR.UN. Raymond James Financial cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. Royal Bank Of Canada raised their target price on shares of First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. National Bank Financial raised their target price on shares of First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Canaccord Genuity Group cut shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and raised their target price for the stock from C$23.50 to C$24.40 in a research report on Friday, April 17th. Finally, BMO Capital Markets cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$22.00 to C$24.20 in a research report on Thursday.

First Capital Real Estate Investment Trust Stock Performance

TSE:FCR.UN opened at C$23.43 on Monday. The company has a 50-day moving average price of C$21.63 and a 200-day moving average price of C$20.21. First Capital Real Estate Investment Trust has a 12 month low of C$16.98 and a 12 month high of C$23.84. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The stock has a market cap of C$4.98 billion, a price-to-earnings ratio of 4.64, a P/E/G ratio of -2.77 and a beta of 0.96.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last posted its earnings results on Tuesday, May 5th. The company reported C$0.43 EPS for the quarter. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. The firm had revenue of C$189.71 million during the quarter. Equities analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current year.

First Capital Real Estate Investment Trust Company Profile

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.