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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$22.42.

A number of brokerages recently weighed in on FCR.UN. Royal Bank Of Canada raised their price objective on First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, February 13th. National Bank Financial lifted their price target 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 note on Friday, February 13th. Finally, Raymond James Financial lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$21.75 to C$22.50 in a report on Wednesday.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE FCR.UN traded down C$0.05 during mid-day trading on Wednesday, reaching C$20.61. 136,285 shares of the company were exchanged, compared to its average volume of 379,477. First Capital Real Estate Investment Trust has a 52 week low of C$15.17 and a 52 week high of C$20.88. The company’s 50 day moving average price is C$19.50 and its 200 day moving average price is C$19.32. The stock has a market capitalization of C$4.38 billion, a PE ratio of 4.12, a PEG ratio of -2.77 and a beta of 0.99. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share 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$185.38 million for the quarter. Sell-side analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current fiscal 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.