First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analysts have a consensus “Hold” rating on First Capital Real Estate Investment Trust, with five hold recommendations and one buy. The average 12-month price target is C$23.90.
• Several major brokerages recently downgraded the REIT to neutral or market-perform ratings while raising their price targets to approximately C$24.20–C$24.40.
• The stock opened at C$22.72, near its 52-week high of C$23.84, while the company reported quarterly revenue of C$185.87 million and earnings of C$0.11 per share.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) has been given an average rating of "Hold" by the six analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$23.90.

Several equities analysts recently commented on FCR.UN shares. Royal Bank Of Canada downgraded shares of First Capital Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating and upped their price target for the company from C$23.00 to C$24.40 in a report on Wednesday, May 27th. Canaccord Genuity Group lowered First Capital Real Estate Investment Trust from a "buy" rating to a "hold" rating and boosted their target price for the company from C$23.50 to C$24.40 in a research report on Friday, April 17th. BMO Capital Markets cut First Capital Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and upped their target price for the company from C$22.00 to C$24.20 in a research note on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an "outperformer" rating to a "neutral" rating and increased their price target for the stock from C$22.50 to C$24.40 in a report on Friday, April 17th.

First Capital Real Estate Investment Trust Price Performance

FCR.UN stock opened at C$22.72 on Wednesday. First Capital Real Estate Investment Trust has a 52 week low of C$18.26 and a 52 week high of C$23.84. The firm has a market capitalization of C$4.83 billion, a P/E ratio of 4.68, a price-to-earnings-growth ratio of -2.77 and a beta of 1.01. The company has a fifty day simple moving average of C$23.09 and a two-hundred day simple moving average of C$22.14. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) last announced its earnings results on Monday, July 27th. The company reported C$0.11 EPS for the quarter. The firm had revenue of C$185.87 million during the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%. Analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current fiscal year.

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.

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