National Bank Financial Increases First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target to C$23.50

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its target price increased by investment analysts at National Bank Financial from C$23.00 to C$23.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 15.99% from the stock’s previous close.

Separately, Royal Bank Of Canada increased their price objective 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 report on Friday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$22.40.

First Capital Real Estate Investment Trust Price Performance

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 debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The stock’s 50 day moving average price is C$19.44 and its 200-day moving average price is C$19.29. The stock has a market capitalization of C$4.30 billion, a PE 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 issued its quarterly earnings data on Tuesday, February 10th. The company reported C$4.00 EPS for the quarter. The business had revenue of C$185.38 million during the quarter. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. On average, equities research analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current year.

About First Capital Real Estate Investment Trust

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