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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$23.90.

Several brokerages have recently issued reports on FCR.UN. Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and raised their price objective for the stock 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 upped their target price for the company from C$22.00 to C$24.20 in a research report on Thursday, May 7th. Royal Bank Of Canada downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$23.00 to C$24.40 in a report on Wednesday, May 27th. Finally, Canadian Imperial Bank of Commerce lowered shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and raised 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 Trading Down 0.3%

TSE:FCR.UN opened at C$22.72 on Wednesday. The stock has a market capitalization of C$4.83 billion, a price-to-earnings ratio of 4.68, a PEG ratio of -2.77 and a beta of 1.01. First Capital Real Estate Investment Trust has a 52 week low of C$18.26 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. The firm has a 50 day moving average of C$23.09 and a 200 day moving average of C$22.14.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its earnings results on Monday, July 27th. The company reported C$0.11 earnings per share (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 company had revenue of C$185.87 million for the quarter. As a group, sell-side analysts anticipate 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.