First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives Consensus Rating of “Hold” from Analysts

First Capital Real Estate Investment Trust (TSE:FCR.UN) has received a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$23.36.

FCR.UN has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce downgraded shares of First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price objective for the stock from C$22.50 to C$24.40 in a research note on Friday, April 17th. Raymond James Financial downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Canaccord Genuity Group downgraded shares of First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$23.50 to C$24.40 in a research note on Friday, April 17th. National Bank Financial increased their price objective 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. Finally, Royal Bank Of Canada downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$23.00 to C$24.40 in a research note on Wednesday, May 27th.

First Capital Real Estate Investment Trust Price Performance

FCR.UN stock opened at C$23.00 on Friday. The stock has a 50-day moving average price of C$22.61 and a two-hundred day moving average price of C$20.80. The stock has a market cap of C$4.89 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of -2.77 and a beta of 0.99. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. First Capital Real Estate Investment Trust has a 1 year low of C$17.36 and a 1 year high of C$23.84.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.43 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 company had revenue of C$189.71 million during the quarter. Equities analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal 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.