First Capital Real Estate Investment Trust (TSE:FCR.UN) Releases Quarterly Earnings Results

First Capital Real Estate Investment Trust (TSE:FCR.UN) issued its earnings results on Tuesday. The company reported C$0.43 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$189.71 million 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%.

First Capital Real Estate Investment Trust Trading Up 0.5%

FCR.UN traded up C$0.12 during mid-day trading on Tuesday, hitting C$23.48. The stock had a trading volume of 668,821 shares, compared to its average volume of 541,304. 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 has a 1-year low of C$16.98 and a 1-year high of C$23.84. The stock’s fifty day simple moving average is C$21.48 and its 200-day simple moving average is C$20.12. The firm has a market capitalization of C$4.99 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of -2.77 and a beta of 0.96.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce cut shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their price objective for the company from C$22.50 to C$24.40 in a report on Friday, April 17th. National Bank Financial increased 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 report on Friday, February 13th. 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 stock from C$23.50 to C$24.40 in a report on Friday, April 17th. Royal Bank Of Canada increased 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 report 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 increased their target price for the stock from C$21.75 to C$22.50 in a report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$23.04.

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.