First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives C$18.08 Consensus Target Price from Analysts

First Capital Real Estate Investment Trust (TSE:FCR.UN) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$18.08.

Several analysts recently commented on FCR.UN shares. National Bankshares reduced their target price on First Capital Real Estate Investment Trust from C$17.50 to C$17.25 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada cut their price target on First Capital Real Estate Investment Trust from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Finally, CIBC cut their price target on First Capital Real Estate Investment Trust from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN stock opened at C$14.47 on Monday. The business’s 50 day simple moving average is C$14.95 and its 200 day simple moving average is C$15.37. First Capital Real Estate Investment Trust has a one year low of C$12.37 and a one year high of C$16.76. The stock has a market capitalization of C$3.07 billion, a PE ratio of -28.37, a PEG ratio of -2.77 and a beta of 1.26. The company has a debt-to-equity ratio of 104.57, a current ratio of 0.90 and a quick ratio of 0.07.

Insider Buying and Selling

In other news, Director Al Mawani bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of C$14.58 per share, for a total transaction of C$72,900.00. 0.42% of the stock is owned by company insiders.

About First Capital Real Estate Investment Trust

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.