First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Given Consensus Recommendation of “Hold” by Brokerages

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) has received an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

FCXXF has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 16th. BMO Capital Markets lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 6th. Scotiabank reaffirmed a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research note on Friday, April 17th. Finally, Royal Bank Of Canada downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a report on Wednesday, May 27th.

First Capital Real Estate Investment Trust Stock Performance

First Capital Real Estate Investment Trust stock remained flat at $16.36 during mid-day trading on Tuesday. The company’s stock had a trading volume of 24,800 shares, compared to its average volume of 17,886. First Capital Real Estate Investment Trust has a one year low of $13.04 and a one year high of $17.60. The firm has a 50-day moving average price of $16.73 and a 200 day moving average price of $15.53.

About First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) is a Canadian real estate investment trust focused on the ownership, development and management of retail properties. The trust’s portfolio primarily comprises grocery-anchored and necessity-based shopping centres that serve urban and suburban neighbourhoods across Canada. By concentrating on properties with stable, long-term lease profiles and essential service offerings, First Capital REIT aims to provide consistent occupancy and rental revenue streams.

Established in 2012 through a strategic spin-off from an existing Canadian property group, First Capital REIT has grown its holdings through acquisitions, selective developments and joint-venture partnerships.