First Capital Real Estate Investment Trust (TSE:FCR.UN) Hits New 52-Week High - What's Next?

Key Points

• First Capital Real Estate Investment Trust (TSE:FCR.UN) reached a new 52-week high of C$19.70 during trading, now priced at C$19.68 with a trading volume of 10,623 shares.
• Analysts have raised their price targets for First Capital REIT, with National Bankshares increasing their target to C$21.00 and TD Securities and CIBC both setting targets of C$22.00, reflecting strong investor confidence.
• The company is focused on mixed-use urban development and currently boasts a market cap of C$4.18 billion and a consensus rating of "Moderate Buy" among analysts.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$19.70 and last traded at C$19.68, with a volume of 10623 shares changing hands. The stock had previously closed at C$19.62.

Analysts Set New Price Targets

FCR.UN has been the subject of a number of research reports. National Bankshares raised their price target on shares of First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. TD Securities lifted their price objective 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, July 31st. CIBC boosted their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Desjardins raised their target price 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 research note on Thursday, July 31st. Finally, Royal Bank Of Canada increased their price objective 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. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, First Capital Real Estate Investment Trust currently has a consensus rating of "Moderate Buy" and an average target price of C$20.97.

First Capital Real Estate Investment Trust Price Performance

The company's fifty day moving average price is C$19.09 and its two-hundred day moving average price is C$17.88. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The company has a market cap of C$4.18 billion, a price-to-earnings ratio of 16.01, a PEG ratio of -2.77 and a beta of 0.91.

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.

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