First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives C$23.36 Average Price Target from Brokerages

First Capital Real Estate Investment Trust (TSE:FCR.UN) has been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$23.36.

Several equities analysts have recently issued reports on FCR.UN shares. Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and boosted their target price for the company from C$23.50 to C$24.40 in a research note on Friday, April 17th. BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$22.00 to C$24.20 in a research note on Thursday, May 7th. 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 company from C$23.00 to C$24.40 in a report on Wednesday, May 27th. Finally, Canadian Imperial Bank of Commerce downgraded shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their price objective for the company from C$22.50 to C$24.40 in a research report on Friday, April 17th.

First Capital Real Estate Investment Trust Stock Up 0.0%

Shares of TSE:FCR.UN opened at C$22.94 on Friday. First Capital Real Estate Investment Trust has a 1 year low of C$18.10 and a 1 year high of C$23.84. The company has a market cap of C$4.88 billion, a PE ratio of 4.55, a P/E/G ratio of -2.77 and a beta of 1.01. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The stock’s 50-day moving average is C$23.23 and its 200 day moving average is C$21.73.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$0.43 EPS for the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%.The business had revenue of C$189.71 million during the quarter. Sell-side analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 EPS 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.