TD Securities Raises First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target to C$22.00

Key Points

• First Capital Real Estate Investment Trust had its price target increased from C$21.00 to C$22.00 by TD Securities, suggesting a potential upside of 17.71% from its previous close.
• The stock currently trades at C$18.69, with a market capitalization of C$3.97 billion and a significant debt-to-equity ratio of 112.41.
• First Capital REIT focuses on developing and operating mixed-use urban real estate in Canada's urban centers, aiming to create value for businesses and communities.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Free Report) had its price objective boosted by TD Securities from C$21.00 to C$22.00 in a research note published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN traded up C$0.04 on Thursday, reaching C$18.63. 169,761 shares of the stock traded hands, compared to its average volume of 403,187. 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 current ratio of 1.22 and a quick ratio of 0.07. First Capital Real Estate Investment Trust has a 12 month low of C$15.17 and a 12 month high of C$19.09. The stock's 50-day moving average price is C$18.06 and its 200-day moving average price is 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.