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

Key Points

• First Capital Real Estate Investment Trust reached a new 52-week high at C$19.00 during trading, closing at C$18.82 with a volume of over 56,000 shares.
• The company has a market cap of C$4.01 billion and a notable debt-to-equity ratio of 112.41, indicating high leverage.
• First Capital REIT focuses on developing mixed-use urban real estate in Canada, aiming to create thriving neighborhoods that benefit various stakeholders.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$19.00 and last traded at C$18.82, with a volume of 56321 shares changing hands. The stock had previously closed at C$18.55.

Wall Street Analyst Weigh In

A number of research firms have commented on FCR.UN. Desjardins upped their price target on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the company a "buy" rating in a research report on Thursday. Royal Bank Of Canada upped their price target on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an "outperform" rating in a research report on Thursday. TD Securities increased their target price on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research report on Thursday. CIBC lifted their price target on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, National Bankshares upped their price target on First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the stock an "outperform" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$20.86.

First Capital Real Estate Investment Trust Stock Up 0.2%

The company has a market capitalization of C$3.95 billion, a PE ratio of -64.24, a P/E/G ratio of -2.77 and a beta of 1.28. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The company has a 50-day moving average of C$18.06 and a two-hundred day moving average of C$17.17.

First Capital Real Estate Investment Trust Company Profile

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.