Brokerages Set First Capital Real Estate Investment Trust (TSE:FCR.UN) PT at C$22.42

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$22.42.

Several research firms have recently weighed in on FCR.UN. Raymond James Financial downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their target price for the company from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. Royal Bank Of Canada raised their target price on First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, National Bank Financial raised their target price on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research report on Friday, February 13th.

First Capital Real Estate Investment Trust Stock Performance

TSE FCR.UN opened at C$21.84 on Thursday. The company has a market cap of C$4.64 billion, a PE ratio of 4.36, a price-to-earnings-growth ratio of -2.77 and a beta of 0.89. The stock’s 50 day simple moving average is C$20.84 and its 200-day simple moving average is C$19.82. First Capital Real Estate Investment Trust has a 1-year low of C$16.00 and a 1-year high of C$22.05. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share for the quarter. The business had revenue of C$185.38 million for 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%. As a group, equities research analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal year.

About First Capital Real Estate Investment Trust

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