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

First Capital Real Estate Investment Trust (TSE:FCR.UN) released its earnings results on Monday. The company reported C$0.11 earnings per share for the quarter, FiscalAI reports. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. The firm had revenue of C$185.87 million for the quarter.

First Capital Real Estate Investment Trust Price Performance

TSE:FCR.UN opened at C$23.01 on Wednesday. First Capital Real Estate Investment Trust has a 52-week low of C$18.10 and a 52-week high of C$23.84. The stock has a fifty day moving average of C$23.21 and a 200 day moving average of C$21.90. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The firm has a market capitalization of C$4.89 billion, a price-to-earnings ratio of 4.56, a P/E/G ratio of -2.77 and a beta of 1.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$23.00 to C$24.40 in a report on Wednesday, May 27th. BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their price objective for the company from C$22.00 to C$24.20 in a report on Thursday, May 7th. Canaccord Genuity Group downgraded First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and raised their target price for the stock from C$23.50 to C$24.40 in a research report on Friday, April 17th. Finally, Canadian Imperial Bank of Commerce lowered First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their target price for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, First Capital Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus target price of C$23.36.

About First Capital Real Estate Investment Trust

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.