First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• First Capital Real Estate Investment Trust (TSE:FCR.UN) has received a consensus rating of "Moderate Buy" from analysts, with one hold and seven buy recommendations among eight brokerages.
• The average 12-month price target for the stock is C$20.86, with several analysts increasing their targets recently, including a hike to C$22.00 by multiple firms.
• The company's current share price opened at C$19.17, with a 12-month range of C$15.17 to C$19.35, and a market capitalization of C$4.07 billion.

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$20.86.

Several equities analysts have recently commented on the company. 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 note on Thursday, July 31st. TD Securities increased their target price on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a "buy" 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 upped 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 research report on Thursday, July 31st. Finally, CIBC upped their price target 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, July 31st.

First Capital Real Estate Investment Trust Stock Up 0.9%

Shares of First Capital Real Estate Investment Trust stock traded up C$0.17 on Monday, hitting C$19.34. 233,710 shares of the company's stock traded hands, compared to its average volume of 382,404. The stock has a market cap of C$4.11 billion, a P/E ratio of 15.73, a PEG ratio of -2.77 and a beta of 0.92. 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 firm's 50-day moving average is C$18.60 and its 200 day moving average is C$17.49. First Capital Real Estate Investment Trust has a 52-week low of C$15.17 and a 52-week high of C$19.38.

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.