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

Key Points

• "Moderate Buy" consensus from six analysts (five buy, one hold) with an average 12‑month price target of C$22.42; RBC and National Bank recently raised targets to C$23.00 and C$23.50 while Raymond James cut its rating to market perform but lifted its target to C$22.50.
• Shares opened at C$21.22 (near the 1‑year high of C$21.85) and the REIT has a market capitalization of C$4.51 billion with a low reported P/E of 4.24 and 50/200‑day moving averages of C$20.68/C$19.75.
• Despite a quarterly EPS of C$4.00 and C$185.4 million in revenue, the trust shows profitability and leverage concerns—negative net margin (~‑8.48%), negative return on equity, and a high debt‑to‑equity ratio of 112.41.

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) have received a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$22.42.

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their price target on First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. National Bank Financial raised their price target on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Finally, Raymond James Financial downgraded First Capital Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and raised their price target for the stock from C$21.75 to C$22.50 in a research note on Wednesday, February 18th.

First Capital Real Estate Investment Trust Price Performance

FCR.UN stock opened at C$21.22 on Thursday. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The firm has a market capitalization of C$4.51 billion, a P/E ratio of 4.24, a P/E/G ratio of -2.77 and a beta of 0.89. The business's 50-day moving average is C$20.68 and its two-hundred day moving average is C$19.75. First Capital Real Estate Investment Trust has a 1 year low of C$15.17 and a 1 year high of C$21.85.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share for 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%.The business had revenue of C$185.38 million for the quarter. 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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