First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target Raised to C$17.50

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price objective upped by investment analysts at Scotiabank from C$17.25 to C$17.50 in a research note issued to investors on Friday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 7.30% from the company’s previous close.

A number of other research analysts have also recently commented on FCR.UN. CIBC upped their price objective 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. Royal Bank of Canada dropped their target price on First Capital Real Estate Investment Trust from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Desjardins boosted their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, National Bankshares lowered 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 research report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, First Capital Real Estate Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of C$18.46.

First Capital Real Estate Investment Trust Stock Performance

FCR.UN stock traded down C$0.14 during midday trading on Friday, reaching C$16.31. The stock had a trading volume of 98,504 shares, compared to its average volume of 359,275. The stock has a market cap of C$3.46 billion, a PE ratio of -32.04, a P/E/G ratio of -2.77 and a beta of 1.26. 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 firm has a fifty day simple moving average of C$15.20 and a two-hundred day simple moving average of C$15.45. First Capital Real Estate Investment Trust has a 52-week low of C$12.37 and a 52-week high of C$16.76.

Insider Buying and Selling

In other First Capital Real Estate Investment Trust news, Director Al Mawani acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average price of C$14.58 per share, with a total value of C$72,900.00. 0.42% of the stock is currently owned by corporate insiders.

About First Capital Real Estate Investment Trust

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.