Brokerages Set First Capital Real Estate Investment Trust (TSE:FCR.UN) PT at C$20.11

First Capital Real Estate Investment Trust (TSE:FCR.UN) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings 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 target price among brokerages that have issued a report on the stock in the last year is C$20.11.

A number of research analysts have issued reports on FCR.UN shares. Canaccord Genuity Group lifted their price objective on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the company a “buy” rating in a report on Monday, September 16th. Scotiabank boosted their price target 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 research report on Wednesday, October 30th. CIBC raised their price objective on shares of First Capital Real Estate Investment Trust from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Securities boosted their target price on First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, National Bankshares raised their price target on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a report on Wednesday, October 9th.

First Capital Real Estate Investment Trust Stock Down 0.7 %

Shares of FCR.UN stock opened at C$16.97 on Friday. First Capital Real Estate Investment Trust has a 12 month low of C$14.19 and a 12 month high of C$18.98. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The firm has a market cap of C$3.60 billion, a PE ratio of -58.52, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The stock has a 50 day moving average of C$17.53 and a 200-day moving average of C$17.17.

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).