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

First Capital Real Estate Investment Trust (TSE:FCR.UN) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$23.36.

Several analysts have issued reports on FCR.UN shares. BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$22.00 to C$24.20 in a research note on Thursday, May 7th. Royal Bank Of Canada lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$23.00 to C$24.40 in a 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 boosted their price objective for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. Finally, Canaccord Genuity Group downgraded shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and upped their price objective for the company from C$23.50 to C$24.40 in a report on Friday, April 17th.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN stock opened at C$22.90 on Friday. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The firm has a market cap of C$4.87 billion, a price-to-earnings ratio of 4.54, a P/E/G ratio of -2.77 and a beta of 1.01. First Capital Real Estate Investment Trust has a 52 week low of C$18.10 and a 52 week high of C$23.84. The firm’s 50-day simple moving average is C$23.21 and its two-hundred day simple moving average is C$21.83.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released 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 firm had revenue of C$189.71 million during the quarter. As a group, equities analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current year.

First Capital Real Estate Investment Trust Company Profile

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.