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

First Capital Real Estate Investment Trust (TSE:FCR.UN) has received an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One investment 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 brokers that have issued ratings on the stock in the last year is C$20.11.

A number of equities research analysts have recently issued reports on FCR.UN shares. BMO Capital Markets upped their price objective on First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a research note on Monday, October 28th. TD Securities lifted their price objective 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 research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on shares of 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. Canaccord Genuity Group lifted their price target on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, National Bankshares upped their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research note on Wednesday, October 9th.

First Capital Real Estate Investment Trust Stock Performance

FCR.UN opened at C$16.97 on Friday. The business’s 50-day simple moving average is C$17.53 and its 200 day simple moving average is C$17.17. First Capital Real Estate Investment Trust has a 52-week low of C$14.19 and a 52-week high of C$18.98. 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 firm has a market capitalization of C$3.60 billion, a PE ratio of -58.52, a PEG ratio of -2.77 and a beta of 1.28.

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).