First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives Average Recommendation of “Hold” from Analysts

First Capital Real Estate Investment Trust (TSE:FCR.UN) has earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$23.36.

A number of brokerages have recently commented on FCR.UN. Royal Bank Of Canada downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$23.00 to C$24.40 in a research report on Wednesday. BMO Capital Markets cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$22.00 to C$24.20 in a report on Thursday, May 7th. Canaccord Genuity Group downgraded shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and raised their target price for the company from C$23.50 to C$24.40 in a research note on Friday, April 17th. Raymond James Financial cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from C$21.75 to C$22.50 in a report on Wednesday, February 18th. Finally, Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their price target for the stock from C$22.50 to C$24.40 in a research report on Friday, April 17th.

First Capital Real Estate Investment Trust Stock Performance

TSE FCR.UN opened at C$23.56 on Friday. The company has a market cap of C$5.01 billion, a PE ratio of 4.67, a PEG ratio of -2.77 and a beta of 0.96. 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 12 month low of C$17.36 and a 12 month high of C$23.84. The stock has a 50 day moving average of C$22.34 and a 200-day moving average of C$20.67.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share 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$189.71 million for the quarter. On average, equities research analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal 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.