First Capital Real Estate Investment Trust (TSE:FCR.UN) Announces Earnings Results

First Capital Real Estate Investment Trust (TSE:FCR.UN) announced its quarterly earnings results on Monday. The company reported C$0.11 earnings per share for the quarter, FiscalAI reports. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%.The firm had revenue of C$185.87 million for the quarter.

First Capital Real Estate Investment Trust Trading Up 0.3%

Shares of FCR.UN opened at C$22.96 on Tuesday. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. 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 has a market cap of C$4.88 billion, a price-to-earnings ratio of 4.55, a PEG ratio of -2.77 and a beta of 1.01. The business’s fifty day moving average is C$23.21 and its 200-day moving average is C$21.87.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FCR.UN shares. Canaccord Genuity Group downgraded First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and boosted their price target for the company from C$23.50 to C$24.40 in a research note on Friday, April 17th. BMO Capital Markets cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$22.00 to C$24.20 in a report 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 increased their target price for the stock from C$23.00 to C$24.40 in a report on Wednesday, May 27th. Finally, Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their price target for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$23.36.

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.