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 target price boosted by National Bank Financial from C$23.00 to C$23.50 in a research report released on Friday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Separately, Royal Bank Of Canada increased their target price on First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, First Capital Real Estate Investment Trust has an average rating of “Buy” and an average target price of C$22.40.

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 12 month low of C$15.17 and a 12 month high of C$20.88. The company’s fifty day moving average is C$19.44 and its 200-day moving average is C$19.30. 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 market cap of C$4.30 billion, a price-to-earnings ratio of 4.05, a price-to-earnings-growth 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 company had revenue of C$185.38 million during the quarter. Equities analysts expect 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.