First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

A number of equities analysts have commented on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of First Capital Real Estate Investment Trust in a research note on Friday, February 13th. Scotiabank reaffirmed a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research note on Friday. Raymond James Financial cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of First Capital Real Estate Investment Trust in a research note on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce cut First Capital Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a research note on Thursday.

First Capital Real Estate Investment Trust Trading Down 0.2%

Shares of OTCMKTS:FCXXF opened at $17.16 on Thursday. First Capital Real Estate Investment Trust has a twelve month low of $12.26 and a twelve month high of $17.60. The company has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $14.35.

First Capital Real Estate Investment Trust Company Profile

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) is a Canadian real estate investment trust focused on the ownership, development and management of retail properties. The trust’s portfolio primarily comprises grocery-anchored and necessity-based shopping centres that serve urban and suburban neighbourhoods across Canada. By concentrating on properties with stable, long-term lease profiles and essential service offerings, First Capital REIT aims to provide consistent occupancy and rental revenue streams.

Established in 2012 through a strategic spin-off from an existing Canadian property group, First Capital REIT has grown its holdings through acquisitions, selective developments and joint-venture partnerships.