First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price target boosted by equities researchers at Royal Bank Of Canada from C$22.00 to C$23.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 13.52% from the company’s previous close.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN opened at C$20.26 on Friday. First Capital Real Estate Investment Trust has a 52-week low of C$15.17 and a 52-week high of C$20.88. 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 50-day moving average price of C$19.44 and a 200 day moving average price of C$19.29. The firm has a market capitalization of C$4.30 billion, a PE ratio of 4.05, a P/E/G ratio of -2.77 and a beta of 0.99.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share 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 for the quarter. On average, sell-side analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share 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.