First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives Consensus Recommendation of “Hold” from Analysts

First Capital Real Estate Investment Trust (TSE:FCR.UN) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$23.36.

A number of brokerages have recently issued reports on FCR.UN. National Bank Financial boosted their price objective on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a report on Friday, February 13th. Raymond James Financial lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Canadian Imperial Bank of Commerce cut First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their price target for the stock from C$22.50 to C$24.40 in a report on Friday, April 17th. 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. Finally, BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$22.00 to C$24.20 in a report on Thursday, May 7th.

First Capital Real Estate Investment Trust Stock Performance

TSE FCR.UN opened at C$23.56 on Friday. The firm has a 50-day moving average of C$22.34 and a 200-day moving average of C$20.67. 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 stock has a market cap of C$5.01 billion, a PE ratio of 4.67, a P/E/G ratio of -2.77 and a beta of 0.96. First Capital Real Estate Investment Trust has a 52-week low of C$17.36 and a 52-week high of C$23.84.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.43 EPS for the quarter. The business had revenue of C$189.71 million 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%. On average, sell-side analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 EPS 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.