First Capital Real Estate Investment Trust (TSE:FCR.UN) PT Lowered to C$18.00 at Royal Bank of Canada

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price objective lowered by Royal Bank of Canada from C$19.00 to C$18.00 in a research report report published on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. CIBC increased their price target on First Capital Real Estate Investment Trust from C$17.00 to C$19.00 and gave the company an outperform rating in a research report on Thursday, February 8th. Scotiabank upped their price objective on shares of First Capital Real Estate Investment Trust from C$16.50 to C$17.25 and gave the stock a sector perform rating in a research report on Thursday, February 8th. National Bankshares decreased their price objective on shares of 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 note on Wednesday, April 24th. BMO Capital Markets upped their target price on First Capital Real Estate Investment Trust from C$17.50 to C$18.50 in a report on Friday, February 23rd. Finally, TD Securities downgraded First Capital Real Estate Investment Trust from an action list buy rating to a buy rating and set a C$19.00 price target for the company. in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, First Capital Real Estate Investment Trust has an average rating of Moderate Buy and an average target price of C$18.08.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN opened at C$15.24 on Thursday. First Capital Real Estate Investment Trust has a one year low of C$12.37 and a one year high of C$16.76. The company has a market cap of C$3.23 billion, a PE ratio of -24.19, a P/E/G ratio of -2.77 and a beta of 1.25. The stock has a 50-day moving average of C$15.44 and a 200-day moving average of C$15.03. The company has a debt-to-equity ratio of 104.33, a current ratio of 0.81 and a quick ratio of 0.07.

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.