First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives C$20.97 Average PT from 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 been assigned an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$20.97.

FCR.UN has been the subject of several research reports. CIBC boosted their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. National Bankshares upped their price target 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, July 31st. Royal Bank Of Canada increased their price target on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. TD Securities increased their price target on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Desjardins increased their price target on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the company a "buy" rating in a report on Thursday, July 31st.

First Capital Real Estate Investment Trust Price Performance

TSE:FCR.UN traded up C$0.35 during trading hours on Friday, hitting C$19.47. 756,229 shares of the stock were exchanged, compared to its average volume of 377,645. First Capital Real Estate Investment Trust has a 52-week low of C$15.17 and a 52-week high of C$19.58. The firm's fifty day moving average price is C$18.98 and its 200 day moving average price is C$17.76. 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 company has a market cap of C$4.14 billion, a P/E ratio of 15.84, a P/E/G ratio of -2.77 and a beta of 0.91.

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.