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

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

FCR.UN has been the subject of a number of research analyst reports. National Bankshares raised their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research report on Wednesday, October 9th. Royal Bank of Canada raised their price target on First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Raymond James set a C$20.50 price objective on First Capital Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Friday, October 18th. TD Securities raised their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, CIBC upped their price target 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 research note on Wednesday, October 30th.

First Capital Real Estate Investment Trust Stock Performance

FCR.UN opened at C$16.81 on Tuesday. 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 stock has a market capitalization of C$3.57 billion, a price-to-earnings ratio of -57.97, a PEG ratio of -2.77 and a beta of 1.28. The company has a fifty day moving average of C$17.24 and a 200 day moving average of C$17.36. First Capital Real Estate Investment Trust has a fifty-two week low of C$14.19 and a fifty-two week high of C$18.98.

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).