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 been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating 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$20.11.

Several equities analysts have weighed in on the company. Raymond James set a C$20.50 price objective on First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a report on Friday, October 18th. BMO Capital Markets raised their price objective on First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a report on Monday, October 28th. Royal Bank of Canada increased their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. National Bankshares boosted their price target on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research report on Wednesday, October 9th. Finally, Scotiabank lifted their price objective on First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th.

First Capital Real Estate Investment Trust Price Performance

FCR.UN opened at C$16.43 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$3.49 billion, a price-to-earnings ratio of -56.66, a P/E/G ratio of -2.77 and a beta of 1.28. First Capital Real Estate Investment Trust has a 1 year low of C$14.19 and a 1 year high of C$18.98. The firm’s fifty day moving average price is C$17.12 and its two-hundred day moving average price is C$17.39.

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).