First Capital Real Estate Investment Trust (TSE:FCR.UN) Given Average Recommendation of “Hold” by Brokerages

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$23.36.

A number of research firms have issued reports on FCR.UN. Royal Bank Of Canada cut First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$23.00 to C$24.40 in a research report on Wednesday, May 27th. Canadian Imperial Bank of Commerce cut First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their target price for the company from C$22.50 to C$24.40 in a research report on Friday, April 17th. Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from C$23.50 to C$24.40 in a research report on Friday, April 17th. Finally, BMO Capital Markets cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$22.00 to C$24.20 in a research report on Thursday, May 7th.

First Capital Real Estate Investment Trust Stock Down 1.8%

FCR.UN stock opened at C$22.83 on Tuesday. The company has a market cap of C$4.85 billion, a PE ratio of 4.53, a price-to-earnings-growth ratio of -2.77 and a beta of 0.99. The business has a 50-day simple moving average of C$23.18 and a 200 day simple moving average of C$21.12. First Capital Real Estate Investment Trust has a 52 week low of C$17.39 and a 52 week high of C$23.84. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$0.43 EPS for the quarter. The business had revenue of C$189.71 million during 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%. Sell-side 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.