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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$18.78.

FCR.UN has been the subject of a number of recent research reports. Desjardins lifted their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada increased their price target on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a research note on Friday, August 2nd. Scotiabank lifted their price objective on First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research report on Friday, August 2nd. CIBC increased their target price on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, TD Securities lifted their price target on First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN opened at C$18.60 on Wednesday. First Capital Real Estate Investment Trust has a 12-month low of C$12.37 and a 12-month high of C$18.98. The stock has a market cap of C$3.95 billion, a P/E ratio of -64.14, a PEG ratio of -2.77 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The company has a 50-day moving average of C$17.23 and a two-hundred day moving average of C$15.89.

About First Capital Real Estate Investment Trust

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.