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

First Capital Real Estate Investment Trust (TSE:FCR.UN) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$22.42.

FCR.UN has been the subject of a number of research reports. National Bank Financial increased their price objective on 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. 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 company an “outperform” rating in a research note on Friday, February 13th. Finally, Raymond James Financial downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$21.75 to C$22.50 in a report on Wednesday, February 18th.

First Capital Real Estate Investment Trust Stock Performance

Shares of TSE:FCR.UN opened at C$21.23 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. First Capital Real Estate Investment Trust has a 1-year low of C$15.17 and a 1-year high of C$21.85. The stock has a market capitalization of C$4.51 billion, a P/E ratio of 4.24, a P/E/G ratio of -2.77 and a beta of 1.02. The business has a 50-day moving average price of C$20.32 and a two-hundred day moving average price of C$19.60.

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