First Capital Real Estate Investment Trust (TSE:FCR.UN) Given Consensus Recommendation of “Hold” by Analysts

First Capital Real Estate Investment Trust (TSE:FCR.UN) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$23.36.

A number of analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce lowered shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price target for the stock from C$22.50 to C$24.40 in a research note on Friday, April 17th. BMO Capital Markets lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$22.00 to C$24.20 in a research note on Thursday, May 7th. Canaccord Genuity Group lowered shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and increased their target price for the company from C$23.50 to C$24.40 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 and increased their target price for the company from C$23.00 to C$24.40 in a research note on Wednesday, May 27th.

First Capital Real Estate Investment Trust Trading Up 0.5%

Shares of TSE:FCR.UN opened at C$23.22 on Tuesday. The company has a 50 day moving average of C$23.29 and a 200-day moving average of C$21.23. The firm has a market cap of C$4.94 billion, a P/E ratio of 4.60, a P/E/G ratio of -2.77 and a beta of 0.99. First Capital Real Estate Investment Trust has a twelve month low of C$17.70 and a twelve 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.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share for the quarter. The company had revenue of C$189.71 million during 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%. As a group, analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current fiscal year.

About First Capital Real Estate Investment Trust

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