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

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

Several research firms recently weighed in on FCR.UN. Royal Bank Of Canada upped their price objective 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 report on Friday, February 13th. National Bank Financial lifted their target price on shares of First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research 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 price target for the stock from C$21.75 to C$22.50 in a report on Wednesday, February 18th.

First Capital Real Estate Investment Trust Price Performance

First Capital Real Estate Investment Trust stock opened at C$20.79 on Friday. The stock has a market cap of C$4.42 billion, a price-to-earnings ratio of 4.15, a PEG ratio of -2.77 and a beta of 1.02. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The business has a 50-day simple moving average of C$20.24 and a 200 day simple moving average of C$19.57. First Capital Real Estate Investment Trust has a 52 week low of C$15.17 and a 52 week high of C$21.85.

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. The firm had revenue of C$185.38 million 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%. On average, research 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.