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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and nine 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$19.36.

A number of research analysts have recently commented on FCR.UN shares. National Bankshares increased their target price on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research report on Wednesday, October 9th. Canaccord Genuity Group lifted their price objective on shares of First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Raymond James set a C$20.50 target price on shares of First Capital Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Friday, October 18th. Scotiabank increased their price target 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, TD Securities boosted their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th.

First Capital Real Estate Investment Trust Stock Performance

FCR.UN opened at C$17.94 on Friday. The firm has a market cap of C$3.81 billion, a P/E ratio of -61.86, a PEG ratio of -2.77 and a beta of 1.28. First Capital Real Estate Investment Trust has a 1-year low of C$12.38 and a 1-year high of C$18.98. The company has a 50 day simple moving average of C$17.88 and a two-hundred day simple moving average of C$16.21. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

About First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust (First Capital, RCF or the Fund) is an unincorporated open-end mutual fund governed by the laws of the Province of Ontario, Canada, and established pursuant to a declaration of trust dated October 16, 2019, which may be amended from time to time (the Declaration of Trust).