First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target Raised to C$23.00

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its target price upped by Royal Bank Of Canada from C$22.00 to C$23.00 in a research note published on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

First Capital Real Estate Investment Trust Stock Performance

Shares of First Capital Real Estate Investment Trust stock opened at C$20.26 on Friday. The firm has a market capitalization of C$4.30 billion, a P/E ratio of 4.05, a PEG ratio of -2.77 and a beta of 0.99. 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 company has a 50 day moving average price of C$19.44 and a 200 day moving average price of C$19.30.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last posted 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%. Sell-side analysts expect 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.