First Capital Real Estate Investment Trust (TSE:FCR.UN) Hits New 1-Year High - Should You Buy?

Key Points

• Shares hit a new 52-week high, trading at C$21.89 on the latest session with the 50-day SMA (C$20.77) above the 200-day SMA (C$19.79), indicating recent upward momentum.
• Analysts have raised targets — the consensus rating is a Moderate Buy with a consensus price target of C$22.42, and firms like RBC and National Bank recently bumped their targets.
• Fundamentals show mixed signals: a very low P/E of 4.35 and reported quarterly EPS of C$4.00, but a negative net margin and ROE alongside a high debt-to-equity ratio (112.41), implying leverage and profitability risks.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as C$21.89 and last traded at C$21.89, with a volume of 24156 shares traded. The stock had previously closed at C$21.58.

Analysts Set New Price Targets

FCR.UN has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Friday, February 13th. Raymond James Financial downgraded First Capital Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and boosted their price target for the company from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Finally, National Bank Financial boosted their price target on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an "outperform" rating in a research note on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.42.

First Capital Real Estate Investment Trust Price Performance

The firm has a market cap of C$4.63 billion, a price-to-earnings ratio of 4.35, a P/E/G ratio of -2.77 and a beta of 0.89. The business's 50-day simple moving average is C$20.77 and its two-hundred day simple moving average is C$19.79. 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 (TSE:FCR.UN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share (EPS) for the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%.The firm had revenue of C$185.38 million for the quarter. As a group, research analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 EPS 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.

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