First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives C$23.36 Consensus Target Price from Analysts

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$23.36.

A number of research firms have issued reports on FCR.UN. 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. BMO Capital Markets 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$22.00 to C$24.20 in a report on Thursday, May 7th. 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. Finally, Royal Bank Of Canada lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$23.00 to C$24.40 in a report on Wednesday, May 27th.

First Capital Real Estate Investment Trust Price Performance

First Capital Real Estate Investment Trust stock opened at C$23.22 on Friday. The firm has a market cap of C$4.94 billion, a PE ratio of 4.60, a price-to-earnings-growth ratio of -2.77 and a beta of 0.96. First Capital Real Estate Investment Trust has a 52-week low of C$17.36 and a 52-week high of C$23.84. 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 company’s 50 day moving average is C$22.45 and its two-hundred day moving average is C$20.72.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. 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%. On average, research analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 EPS 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.