First Capital Real Estate Investment Trust (TSE:FCR.UN) Issues Quarterly Earnings Results

First Capital Real Estate Investment Trust (TSE:FCR.UN) released its quarterly earnings data on Tuesday. The company reported C$0.43 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$189.71 million 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%.

First Capital Real Estate Investment Trust Price Performance

TSE FCR.UN opened at C$23.48 on Wednesday. The business’s fifty day moving average price is C$21.54 and its 200-day moving average price is C$20.15. The stock has a market capitalization of C$4.99 billion, a price-to-earnings ratio of 4.69, a PEG ratio of -2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. First Capital Real Estate Investment Trust has a 1-year low of C$16.98 and a 1-year high of C$23.84.

Wall Street Analysts Forecast Growth

FCR.UN has been the topic of several analyst reports. Canadian Imperial Bank of Commerce cut First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price objective for the company from C$22.50 to C$24.40 in a research report on Friday, April 17th. Canaccord Genuity Group cut First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and upped their price objective for the company from C$23.50 to C$24.40 in a research report on Friday, April 17th. Raymond James Financial cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. Royal Bank Of Canada upped their price objective on First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, National Bank Financial upped their price objective on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$23.04.

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.