First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives C$23.36 Average Target Price from Analysts

First Capital Real Estate Investment Trust (TSE:FCR.UNGet Free Report) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Five 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 target among brokers that have issued a report on the stock in the last year is C$23.36.

Several brokerages recently issued reports on FCR.UN. Royal Bank Of Canada lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$23.00 to C$24.40 in a research report on Wednesday, May 27th. Canadian Imperial Bank of Commerce lowered shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their price target for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. Canaccord Genuity Group downgraded shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$23.50 to C$24.40 in a research report on Friday, April 17th. Finally, BMO Capital Markets lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$22.00 to C$24.20 in a report on Thursday, May 7th.

Check Out Our Latest Report on First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust Stock Performance

Shares of First Capital Real Estate Investment Trust stock opened at C$23.15 on Tuesday. The stock’s fifty day simple moving average is C$23.28 and its 200 day simple moving average is C$21.27. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The company has a market capitalization of C$4.92 billion, a PE ratio of 4.59, a PEG ratio of -2.77 and a beta of 0.99. First Capital Real Estate Investment Trust has a 12 month low of C$17.70 and a 12 month high of C$23.84.

First Capital Real Estate Investment Trust (TSE:FCR.UNGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$189.71 million during 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%. On average, research analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current year.

About First Capital Real Estate Investment Trust

(Get Free Report)

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

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Analyst Recommendations for First Capital Real Estate Investment Trust (TSE:FCR.UN)

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