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First Capital Real Estate Investment Trust (TSE:FCR.UN) Hits New 12-Month High - Time to Buy?

First Capital Real Estate Investment Trust logo with Real Estate background

Key Points

  • First Capital Real Estate Investment Trust's stock reached a new 52-week high of C$19.35 during trading, reflecting a growth from its previous close at C$19.01.
  • Analysts have upgraded their price targets for the stock, with several institutions predicting a target price increase to between C$21.00 and C$22.00, suggesting strong potential for growth.
  • The company operates in Canada's urban real estate sector, focusing on mixed-use developments that benefit businesses and communities, and currently holds a market capitalization of C$4.08 billion.
  • MarketBeat previews top five stocks to own in October.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as C$19.35 and last traded at C$19.24, with a volume of 297278 shares changing hands. The stock had previously closed at C$19.01.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FCR.UN shares. TD Securities increased their price target 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, July 31st. Desjardins upped their price objective 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, July 31st. National Bankshares upped their price objective on 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. CIBC upped their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price objective on 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. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$20.86.

Read Our Latest Report on FCR.UN

First Capital Real Estate Investment Trust Trading Down 0.6%

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 firm has a market capitalization of C$4.04 billion, a P/E ratio of -65.69, a P/E/G ratio of -2.77 and a beta of 1.28. The firm has a 50-day moving average of C$18.44 and a two-hundred day moving average of C$17.41.

First Capital Real Estate Investment Trust Company Profile

(Get Free Report)

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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