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

First Capital Real Estate Investment Trust (TSE:FCR.UN) posted its earnings results on Tuesday. The company reported C$0.43 EPS for the quarter, FiscalAI reports. The firm had revenue of C$189.71 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%.

First Capital Real Estate Investment Trust Stock Up 0.2%

First Capital Real Estate Investment Trust stock opened at C$23.52 on Thursday. The stock has a market capitalization of C$5.00 billion, a PE ratio of 4.70, a price-to-earnings-growth ratio of -2.77 and a beta of 0.96. First Capital Real Estate Investment Trust has a 12 month low of C$16.98 and a 12 month high of C$23.84. The business has a 50 day simple moving average of C$21.58 and a 200-day simple moving average of C$20.18. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

Analysts Set New Price Targets

Several analysts recently commented on the company. 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 stock an “outperform” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce lowered First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and raised their target price for the stock from C$22.50 to C$24.40 in a report on Friday, April 17th. National Bank Financial raised their price target on shares of 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. Canaccord Genuity Group lowered shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and raised their price target for the company from C$23.50 to C$24.40 in a research report on Friday, April 17th. Finally, Raymond James Financial lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price target for the company from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, First Capital Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of C$23.04.

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.