First Capital Real Estate Investment Trust (TSE:FCR.UN) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• First Capital Real Estate Investment Trust (TSE:FCR.UN) has a consensus recommendation of "Moderate Buy" from seven research firms, with one hold and six buy ratings.
• The average 1-year price target for the stock is C$20.97, with several brokerages raising their price objectives to a range between C$21.00 and C$22.00.
• The company's shares opened at C$19.12, with a market cap of C$4.06 billion and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$20.97.

A number of brokerages have recently issued reports on FCR.UN. TD Securities raised their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Desjardins raised their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. CIBC raised their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, National Bankshares raised their target price on shares of First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st.

First Capital Real Estate Investment Trust Stock Up 1.8%

First Capital Real Estate Investment Trust stock traded up C$0.35 during mid-day trading on Friday, hitting C$19.47. The company had a trading volume of 756,229 shares, compared to its average volume of 377,645. The stock has a market cap of C$4.14 billion, a price-to-earnings ratio of 15.84, a PEG ratio of -2.77 and a beta of 0.91. First Capital Real Estate Investment Trust has a 1 year low of C$15.17 and a 1 year high of C$19.58. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The business has a fifty day moving average of C$18.98 and a 200 day moving average of C$17.76.

About First Capital Real Estate Investment Trust

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.