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

Key Points

• Consensus: Moderate Buy — Seven analysts cover FCR.UN with a consensus "Moderate Buy" (four buys, three holds) and an average 12‑month price target of C$23.04.
• Analyst actions were mixed but generally lifted targets: RBC and National Bank raised targets to C$23.00 and C$23.50 with "outperform" ratings, while Raymond James, CIBC and Canaccord downgraded ratings to market‑perform/neutral/hold even as some raised targets up to C$24.40.
• Stock and fundamentals snapshot: FCR.UN traded around C$23.38 (near its 52‑week high of C$23.84), has a market cap of C$4.97B and a low P/E of 4.67, but reported a negative net margin (‑8.48%) and negative ROE (‑1.57%).

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$23.04.

A number of analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of 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. Raymond James Financial lowered shares of First Capital Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. National Bank Financial lifted their price target on shares of 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. Canadian Imperial Bank of Commerce lowered shares of First Capital Real Estate Investment Trust from an "outperformer" rating to a "neutral" rating and lifted their price target for the stock from C$22.50 to C$24.40 in a research note on Friday, April 17th. Finally, Canaccord Genuity Group lowered shares of First Capital Real Estate Investment Trust from a "buy" rating to a "hold" rating and lifted their price target for the stock from C$23.50 to C$24.40 in a research note on Friday, April 17th.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN stock opened at C$23.38 on Monday. The company has a 50 day moving average price of C$21.48 and a 200-day moving average price of C$20.12. First Capital Real Estate Investment Trust has a 52 week low of C$16.98 and a 52 week high of C$23.84. The firm has a market capitalization of C$4.97 billion, a PE ratio of 4.67, a P/E/G ratio of -2.77 and a beta of 0.96. 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 quarterly earnings results on Tuesday, February 10th. The company reported C$4.00 EPS for the quarter. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. The firm had revenue of C$185.38 million during the quarter. As a group, equities research analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current year.

About First Capital Real Estate Investment Trust

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.