First Capital Real Estate Investment Trust (TSE:FCR.UN) Given Consensus Recommendation of “Hold” by Brokerages

First Capital Real Estate Investment Trust (TSE:FCR.UN) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, 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 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$23.36.

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada downgraded shares of 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. Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and raised their target price for the stock from C$23.50 to C$24.40 in a report on Friday, April 17th. Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their target price for the company from C$22.50 to C$24.40 in a research report 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 boosted their price target 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

Shares of TSE FCR.UN opened at C$22.93 on Friday. The firm has a 50 day moving average of C$23.24 and a 200 day moving average of C$21.69. 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 firm has a market capitalization of C$4.87 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of -2.77 and a beta of 1.01. First Capital Real Estate Investment Trust has a 12-month low of C$18.10 and a 12-month high of C$23.84.

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