First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Given Average Rating of “Hold” by Brokerages

Shares of First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) have been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

FCXXF has been the subject of a number of research reports. Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a report on Thursday, April 16th. Raymond James Financial downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of First Capital Real Estate Investment Trust in a report on Friday, February 13th. Scotiabank reissued a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a report on Friday, April 17th. Finally, BMO Capital Markets downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 6th.

First Capital Real Estate Investment Trust Price Performance

FCXXF opened at $16.87 on Monday. First Capital Real Estate Investment Trust has a fifty-two week low of $12.56 and a fifty-two week high of $17.60. The stock has a fifty day moving average of $16.05 and a 200-day moving average of $14.76.

First Capital Real Estate Investment Trust Company Profile

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) is a Canadian real estate investment trust focused on the ownership, development and management of retail properties. The trust’s portfolio primarily comprises grocery-anchored and necessity-based shopping centres that serve urban and suburban neighbourhoods across Canada. By concentrating on properties with stable, long-term lease profiles and essential service offerings, First Capital REIT aims to provide consistent occupancy and rental revenue streams.

Established in 2012 through a strategic spin-off from an existing Canadian property group, First Capital REIT has grown its holdings through acquisitions, selective developments and joint-venture partnerships.