First Capital Real Estate Investment Trust (TSE:FCR.UN) Given Average Rating of “Moderate Buy” by Brokerages

First Capital Real Estate Investment Trust (TSE:FCR.UN) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$18.46.

A number of equities analysts have commented on the company. Desjardins lifted their target price on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. CIBC boosted their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Scotiabank increased their price objective on shares of First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a report on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a research report on Friday, August 2nd.

First Capital Real Estate Investment Trust Trading Up 0.5 %

First Capital Real Estate Investment Trust stock opened at C$17.35 on Friday. First Capital Real Estate Investment Trust has a 1 year low of C$12.37 and a 1 year high of C$17.57. The firm’s 50-day moving average is C$16.05 and its 200-day moving average is C$15.60. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The company has a market cap of C$3.68 billion, a P/E ratio of -59.83, a PEG ratio of -2.77 and a beta of 1.27.

Insider Buying and Selling

In related news, Director Al Mawani acquired 5,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of C$14.58 per share, for a total transaction of C$72,900.00. Corporate insiders own 0.43% of the company’s stock.

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.