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

First Capital Real Estate Investment Trust (TSE:FCR.UN) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$20.11.

Several equities research analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a report on Monday, October 28th. National Bankshares increased their price objective on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research note on Wednesday, October 9th. Scotiabank raised their price objective on shares of First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. TD Securities upped their target price on First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, CIBC lifted their price objective on shares of First Capital Real Estate Investment Trust from C$19.00 to C$21.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

First Capital Real Estate Investment Trust Stock Up 1.3 %

Shares of FCR.UN opened at C$16.81 on Tuesday. 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 company has a market capitalization of C$3.57 billion, a P/E ratio of -57.97, a PEG ratio of -2.77 and a beta of 1.28. First Capital Real Estate Investment Trust has a one year low of C$14.19 and a one year high of C$18.98. The business’s 50 day simple moving average is C$17.24 and its 200-day simple moving average is C$17.36.

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).