First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price Expected to Rise, TD Securities Analyst Says

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 hoisted by TD Securities from C$21.00 to C$22.00 in a research report released on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

First Capital Real Estate Investment Trust Trading Up 0.2%

TSE FCR.UN traded up C$0.04 on Thursday, hitting C$18.63. The company's stock had a trading volume of 169,761 shares, compared to its average volume of 403,187. First Capital Real Estate Investment Trust has a 52-week low of C$15.17 and a 52-week high of C$19.09. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The company's 50-day simple moving average is C$18.06 and its 200 day simple moving average is C$17.17. The firm has a market cap of C$3.95 billion, a P/E ratio of -64.24, a PEG ratio of -2.77 and a beta of 1.28.

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.