BMO Capital Markets Issues Positive Forecast for First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price objective boosted by BMO Capital Markets from C$18.50 to C$20.00 in a report published on Monday morning, BayStreet.CA reports.

A number of other research analysts have also recently commented on FCR.UN. Canaccord Genuity Group upped 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. National Bankshares upped their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a report on Wednesday, October 9th. Royal Bank of Canada upped their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a report on Friday, August 2nd. CIBC upped their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, First Capital Real Estate Investment Trust has an average rating of “Moderate Buy” and an average price target of C$20.11.

First Capital Real Estate Investment Trust Price Performance

FCR.UN stock opened at C$18.07 on Monday. First Capital Real Estate Investment Trust has a 1 year low of C$12.72 and a 1 year high of C$18.98. The firm has a market capitalization of C$3.84 billion, a PE ratio of -62.31, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The business has a 50 day simple moving average of C$18.00 and a 200-day simple moving average of C$16.29. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

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).