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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have received a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Five 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 objective among analysts that have updated their coverage on the stock in the last year is C$23.36.

Several equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce cut 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 report on Friday, April 17th. Royal Bank Of Canada lowered shares of 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. Canaccord Genuity Group lowered First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$23.50 to C$24.40 in a research note 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 increased their target price for the company from C$22.00 to C$24.20 in a report on Thursday, May 7th.

First Capital Real Estate Investment Trust Trading Up 0.0%

Shares of TSE:FCR.UN opened at C$23.02 on Friday. The company has a market capitalization of C$4.89 billion, a PE ratio of 4.56, a P/E/G ratio of -2.77 and a beta of 1.01. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The business’s fifty day simple moving average is C$23.23 and its 200-day simple moving average is C$21.79. First Capital Real Estate Investment Trust has a 12-month low of C$18.10 and a 12-month high of C$23.84.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.43 EPS for the quarter. The firm 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%. As a group, equities research analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share 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.