First Capital Real Estate Investment Trust (FCR-UN: CA) is currently drawing attention from analysts and investors alike. With an upcoming earnings report set for February 4, 2025, the stock’s recent performance, analyst ratings, and market trends are under scrutiny. This article provides a comprehensive analysis of First Capital’s business model, stock movement, and analyst projections.
Before we dive in, we have a special offer! For a limited time, you can get 70% off Stock Target Advisor’s premium features. Claim your discount here!
Recent Performance and Market Conditions:
At the last closing, First Capital’s stock price stood at CAD 16.74, reflecting a +0.15% change over the past week, a -0.04% change over the past month, and an overall +5.28% increase in the past year. The REIT has a 1-year capital gain of 5.28%, alongside a 3.62% dividend return, leading to a total return of 8.91% for the year.
Is now the time to buy First Capital? Access our full analysis report here, it’s free.
Market conditions for REITs remain mixed. While retail real estate continues to recover post-pandemic, rising interest rates and economic uncertainty pose challenges for the sector.
Stock Target Advisor’s Analysis on First Capital:
Stock Target Advisor has provided a Neutral rating for First Capital, based on five positive and six negative signals. Market analysts have mixed views on First Capital’s stock. Nine analysts currently cover the stock, with an average target price of CAD 19.72 over the next 12 months. Notably, the most recent analyst ratings are as follows:
- National Bank Financial: Target raised from CAD 19 to CAD 20.75
- BMO Capital Markets: Target Up – CAD 20.5
- Scotia Capital: Sector Perform – CAD 18.75
While the highest price target is CAD 20.75, the lowest target sits at CAD 18.75, suggesting moderate upside potential. However, the average analyst rating still indicates a Sell recommendation, reflecting cautious investor sentiment.
Conclusion:
First Capital Real Estate Investment Trust remains a strong contender in the retail REIT sector, with a steady dividend yield and positive stock returns over the past year. However, concerns about high leverage, low earnings growth, and potential overvaluation persist.
With an upcoming earnings report on February 4, 2025, investors will closely watch whether the company can improve its revenue growth and financial metrics. For now, analysts remain divided, and the stock’s future trajectory will likely depend on macroeconomic conditions and sector performance.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
