First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives C$22.42 Consensus Target Price from Analysts

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$22.42.

Several research firms have recently issued reports on FCR.UN. Royal Bank Of Canada boosted their target price on 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. Raymond James Financial lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$21.75 to C$22.50 in a report on Wednesday. Finally, National Bank Financial raised 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.

First Capital Real Estate Investment Trust Trading Up 1.4%

TSE:FCR.UN opened at C$20.91 on Wednesday. The firm has a market cap of C$4.44 billion, a price-to-earnings ratio of 4.18, a P/E/G ratio of -2.77 and a beta of 0.99. First Capital Real Estate Investment Trust has a 12 month low of C$15.17 and a 12 month high of C$21.17. 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$19.62 and its 200-day moving average is C$19.36.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share (EPS) 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%. The business had revenue of C$185.38 million for the quarter. Equities analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current year.

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.