Royal Bank Of Canada Issues Positive Forecast for First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its target price hoisted by Royal Bank Of Canada from C$22.00 to C$23.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 12.97% from the stock’s previous close.

First Capital Real Estate Investment Trust Price Performance

FCR.UN traded up C$0.01 during midday trading on Friday, hitting C$20.36. 155,979 shares of the company traded hands, compared to its average volume of 379,737. The business has a 50 day simple moving average of C$19.40 and a two-hundred day simple moving average of C$19.27. The company has a market capitalization of C$4.33 billion, a price-to-earnings ratio of 4.07, a PEG ratio of -2.77 and a beta of 0.99. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. First Capital Real Estate Investment Trust has a 52-week low of C$15.17 and a 52-week high of C$20.88.

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 net margin of 8.48% and a negative return on equity of 1.57%. The firm had revenue of C$185.38 million for the quarter. On average, equities analysts forecast 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.