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

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

Several analysts recently commented on FCR.UN shares. Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and upped their target price for the company from C$23.50 to C$24.40 in a report on Friday, April 17th. BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$22.00 to C$24.20 in a research note on Thursday, May 7th. Royal Bank Of Canada lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$23.00 to C$24.40 in a research note on Wednesday, May 27th. Finally, Canadian Imperial Bank of Commerce lowered First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their target price for the stock from C$22.50 to C$24.40 in a research report on Friday, April 17th.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN stock opened at C$22.83 on Tuesday. The business’s 50 day simple moving average is C$23.18 and its 200 day simple moving average is C$21.12. First Capital Real Estate Investment Trust has a one year low of C$17.39 and a one year high of C$23.84. The stock has a market capitalization of C$4.85 billion, a PE ratio of 4.53, a PEG ratio of -2.77 and a beta of 0.99. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced 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 return on equity of 1.57% and a negative net margin of 8.48%.The business had revenue of C$189.71 million for the quarter. As a group, research analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current 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.