First Capital Real Estate Investment Trust (TSE:FCR.UN) Reaches New 1-Year High - Here's What Happened

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)'s stock price reached a new 52-week high during mid-day trading 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 Analysts Forecast Growth

Several equities research analysts have recently commented on FCR.UN shares. Desjardins upped their target price on 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. National Bankshares upped their price target on First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company an "outperform" rating in a research report on Thursday. CIBC upped 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. 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. Finally, TD Securities boosted their target price on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, First Capital Real Estate Investment Trust has an average rating of "Moderate Buy" and a consensus target price of C$20.86.

First Capital Real Estate Investment Trust Price Performance

The firm has a market cap of C$3.95 billion, a price-to-earnings 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 quick ratio of 0.07 and a current ratio of 1.22. The business has a 50 day simple moving average of C$18.06 and a 200-day simple moving average of C$17.18.

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.