Brokerages Set First Capital Real Estate Investment Trust (TSE:FCR.UN) PT at C$22.42

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$22.42.

Several research firms have recently weighed in on FCR.UN. Raymond James Financial cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$21.75 to C$22.50 in a report on Wednesday, February 18th. National Bank Financial upped their price target 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 report on Friday, February 13th. Finally, Royal Bank Of Canada upped their price target on shares of First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, February 13th.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE:FCR.UN opened at C$21.52 on Thursday. The company has a market cap of C$4.57 billion, a P/E ratio of 4.30, a PEG ratio of -2.77 and a beta of 0.89. First Capital Real Estate Investment Trust has a 52 week low of C$15.32 and a 52 week high of C$21.85. 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 has a 50-day moving average price of C$20.74 and a 200 day moving average price of C$19.78.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share for the quarter. The company had revenue of C$185.38 million during 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%. Research 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.