First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives Average Rating of “Moderate Buy” from Brokerages

First Capital Real Estate Investment Trust (TSE:FCR.UN) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$22.42.

Several equities analysts recently issued reports on the stock. National Bank Financial boosted their price target on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research note on Friday, February 13th. 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 research note on Friday, February 13th. Finally, Raymond James Financial cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price target 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 FCR.UN traded down C$0.05 during trading hours on Wednesday, hitting C$20.61. 136,285 shares of the company were exchanged, compared to its average volume of 379,477. 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 has a fifty-two week low of C$15.17 and a fifty-two week high of C$20.88. The company has a market cap of C$4.38 billion, a price-to-earnings ratio of 4.12, a P/E/G ratio of -2.77 and a beta of 0.99. The firm’s fifty day moving average is C$19.50 and its 200 day moving average is C$19.32.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its 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 firm had revenue of C$185.38 million for the quarter. On average, equities analysts anticipate 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.