First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Given Consensus Recommendation of “Hold” by Brokerages

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of equities analysts have weighed in on FCXXF shares. BMO Capital Markets downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, May 27th. Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a research report on Thursday, April 16th. Raymond James Financial downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of First Capital Real Estate Investment Trust in a research report on Friday, April 17th.

First Capital Real Estate Investment Trust Price Performance

FCXXF stock opened at $16.75 on Friday. The business has a 50-day moving average of $16.59 and a 200-day moving average of $15.20. First Capital Real Estate Investment Trust has a fifty-two week low of $12.81 and a fifty-two week high of $17.60.

About First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) is a Canadian real estate investment trust focused on the ownership, development and management of retail properties. The trust’s portfolio primarily comprises grocery-anchored and necessity-based shopping centres that serve urban and suburban neighbourhoods across Canada. By concentrating on properties with stable, long-term lease profiles and essential service offerings, First Capital REIT aims to provide consistent occupancy and rental revenue streams.

Established in 2012 through a strategic spin-off from an existing Canadian property group, First Capital REIT has grown its holdings through acquisitions, selective developments and joint-venture partnerships.