First Capital Real Estate Investment Trust (TSE:FCR.UN) Reaches New 52-Week High - Here's Why

Key Points

• First Capital Real Estate Investment Trust's stock reached a new 52-week high, trading at C$19.35 during mid-day on Thursday.
• Analyst ratings for FCR.UN are mostly positive, with seven analysts issuing a "Buy" rating and a consensus target price of C$20.86, following several upwards revisions.
• The company focuses on developing and operating mixed-use urban real estate in Canada's populated areas, aiming to enhance community value for businesses and residents.

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$19.35 and last traded at C$19.10, with a volume of 1512 shares trading hands. The stock had previously closed at C$19.20.

Analyst Ratings Changes

FCR.UN has been the topic of several recent analyst reports. TD Securities raised their price objective on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price target on shares of First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Desjardins lifted their price target on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the company a "buy" rating in a report on Thursday, July 31st. CIBC lifted their price target on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, National Bankshares boosted their target price on shares of First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$20.86.

First Capital Real Estate Investment Trust Stock Performance

The business's fifty day moving average price is C$18.60 and its two-hundred day moving average price is C$17.50. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The stock has a market capitalization of C$4.11 billion, a P/E ratio of 15.73, a P/E/G ratio of -2.77 and a beta of 0.92.

About First Capital Real Estate Investment Trust

First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.