First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target Raised to C$23.50

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price objective upped by research analysts at National Bank Financial from C$23.00 to C$23.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 15.42% from the stock’s previous close.

Separately, Royal Bank Of Canada upped their price objective on shares of First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$22.40.

First Capital Real Estate Investment Trust Trading Up 0.0%

FCR.UN traded up C$0.01 during mid-day trading on Friday, hitting C$20.36. The stock had a trading volume of 155,979 shares, compared to its average volume of 379,737. First Capital Real Estate Investment Trust has a 1-year low of C$15.17 and a 1-year high of C$20.88. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The firm has a market capitalization of C$4.33 billion, a price-to-earnings ratio of 4.07, a price-to-earnings-growth ratio of -2.77 and a beta of 0.99. The stock’s fifty day simple moving average is C$19.40 and its 200-day simple moving average is C$19.27.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share (EPS) for the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%.The firm had revenue of C$185.38 million during the quarter. As a group, research analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current fiscal year.

First Capital Real Estate Investment Trust Company Profile

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.