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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$20.11.

A number of brokerages have recently issued reports on FCR.UN. CIBC increased their target price on First Capital Real Estate Investment Trust from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Raymond James set a C$20.50 price objective on shares of First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a report on Friday, October 18th. BMO Capital Markets lifted their target price on shares of First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a research report on Monday, October 28th. Royal Bank of Canada upped their price target on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Securities lifted their price objective on First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE FCR.UN opened at C$17.09 on Friday. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The stock has a market capitalization of C$3.63 billion, a price-to-earnings ratio of -58.93, a PEG ratio of -2.77 and a beta of 1.28. The firm’s 50 day simple moving average is C$17.49 and its 200-day simple moving average is C$17.19. First Capital Real Estate Investment Trust has a 12 month low of C$14.19 and a 12 month high of C$18.98.

First Capital Real Estate Investment Trust Company Profile

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).