First Capital Real Estate Investment Trust (TSE:FCR.UN) Given New C$19.00 Price Target at Royal Bank of Canada

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its target price boosted by Royal Bank of Canada from C$18.00 to C$19.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

FCR.UN has been the subject of a number of other reports. Desjardins raised their price objective on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a buy rating in a research report on Thursday, August 1st. CIBC raised their price target on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company an outperform rating in a report on Thursday, August 1st. National Bankshares cut their price objective on First Capital Real Estate Investment Trust from C$17.50 to C$17.25 and set an outperform rating for the company in a report on Wednesday, April 24th. Finally, Scotiabank raised their target price on shares of First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research note on Friday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$18.46.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE FCR.UN opened at C$16.39 on Friday. The company has a debt-to-equity ratio of 104.57, a quick ratio of 0.07 and a current ratio of 0.90. The stock has a market cap of C$3.48 billion, a PE ratio of -32.14, a price-to-earnings-growth ratio of -2.77 and a beta of 1.26. First Capital Real Estate Investment Trust has a fifty-two week low of C$12.37 and a fifty-two week high of C$16.76. The stock has a fifty day moving average of C$15.27 and a 200-day moving average of C$15.48.

Insiders Place Their Bets

In related news, Director Al Mawani bought 5,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of C$14.58 per share, with a total value of C$72,900.00. Company insiders own 0.42% of the company’s stock.

First Capital Real Estate Investment Trust Company Profile

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.