First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives C$20.86 Consensus Target Price from Analysts

Key Points

• First Capital Real Estate Investment Trust (TSE:FCR.UN) has received an average consensus rating of "Moderate Buy" from eight analysts, with seven analysts recommending a buy and one holding the stock.
• Recent price target increases from several brokerages have raised the stock's target price to between C$21.00 and C$22.00, suggesting bullish sentiment among analysts.
• The stock is currently trading at C$18.59, with a 52-week range between C$15.17 and C$19.09, indicating a market capitalization of C$3.95 billion.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$20.86.

Several research analysts have commented on the company. TD Securities raised their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a "buy" rating in a report on Thursday. Royal Bank Of Canada raised their price objective on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Thursday. CIBC increased their target price on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research report on Thursday. Desjardins increased their target price on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the company a "buy" rating in a research report on Thursday. Finally, National Bankshares increased their target price on First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company an "outperform" rating in a research report on Thursday.

First Capital Real Estate Investment Trust Trading Up 0.2%

FCR.UN stock traded up C$0.04 during midday trading on Thursday, reaching C$18.63. 169,761 shares of the company traded hands, compared to its average volume of 403,187. First Capital Real Estate Investment Trust has a 52-week low of C$15.17 and a 52-week high of C$19.09. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The business has a 50 day moving average of C$18.06 and a 200-day moving average of C$17.18. The firm has a market capitalization of C$3.95 billion, a price-to-earnings ratio of -64.24, a P/E/G ratio of -2.77 and a beta of 1.28.

First Capital Real Estate Investment Trust Company Profile

First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.