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

Key Points

• First Capital Real Estate Investment Trust (TSE:FCR.UN) reached a new 52-week high, trading at C$19.58 with a previous close of C$19.49.
• Analysts have rated the stock positively, with average price targets increasing to around C$20.86, and seven analysts giving a Buy rating.
• The company boasts a market capitalization of C$4.16 billion and has a debt-to-equity ratio of 112.41, indicating significant leverage.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as C$19.58 and last traded at C$19.55, with a volume of 210803 shares. The stock had previously closed at C$19.49.

Analyst Upgrades and Downgrades

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

First Capital Real Estate Investment Trust Stock Down 1.0%

The stock has a market capitalization of C$4.07 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of -2.77 and a beta of 0.91. The firm has a 50-day moving average of C$18.94 and a two-hundred day moving average of C$17.72. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

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.