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

First Capital Real Estate Investment Trust (TSE:FCR.UN) issued its quarterly earnings results on Monday. The company reported C$0.11 earnings per share (EPS) for the quarter, FiscalAI reports. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%.The company had revenue of C$185.87 million for the quarter.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE FCR.UN traded up C$0.06 during trading on Monday, hitting C$22.96. The company had a trading volume of 229,142 shares, compared to its average volume of 639,081. The company has a market cap of C$4.88 billion, a P/E ratio of 4.55, a PEG ratio of -2.77 and a beta of 1.01. First Capital Real Estate Investment Trust has a 52 week low of C$18.10 and a 52 week high of C$23.84. The business’s 50-day moving average is C$23.21 and its 200 day moving average is C$21.85. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FCR.UN shares. 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. Canaccord Genuity Group cut shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$23.50 to C$24.40 in a research report on Friday, April 17th. Royal Bank Of Canada cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$23.00 to C$24.40 in a research report on Wednesday, May 27th. Finally, Canadian Imperial Bank of Commerce downgraded shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price target for the company from C$22.50 to C$24.40 in a report on Friday, April 17th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, First Capital Real Estate Investment Trust has an average rating of “Hold” and a consensus target price of C$23.36.

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.