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.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$18.61.

FCR.UN has been the subject of several analyst reports. Scotiabank lifted their price objective on shares of First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research note on Friday, August 2nd. Desjardins lifted their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Securities increased their price target on First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday. CIBC raised their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada increased their target price on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a report on Friday, August 2nd.

Insider Activity

In related news, Director Al Mawani bought 5,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of C$14.58 per share, with a total value of C$72,900.00. Insiders own 0.43% of the company’s stock.

First Capital Real Estate Investment Trust Price Performance

First Capital Real Estate Investment Trust stock opened at C$17.82 on Friday. The company’s 50-day moving average price is C$16.35 and its two-hundred day moving average price is C$15.65. 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 stock has a market cap of C$3.78 billion, a P/E ratio of -61.45, a P/E/G ratio of -2.77 and a beta of 1.27. First Capital Real Estate Investment Trust has a twelve month low of C$12.37 and a twelve month high of C$18.07.

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.