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's stock reached a new 52-week high at C$19.11, with a recent trading price of C$18.94.
• Several analysts have raised their price targets for the stock, with Royal Bank of Canada and CIBC boosting their targets to C$22.00 and maintaining an "outperform" rating.
• The company has a market cap of C$4.01 billion, a P/E ratio of -65.10, and an average analyst rating of "Moderate Buy" with a consensus target of C$20.86.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$19.11 and last traded at C$18.94, with a volume of 13727 shares traded. The stock had previously closed at C$19.04.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. 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 research note on Thursday, July 31st. Royal Bank Of Canada lifted their price target on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. CIBC lifted their price target on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. TD Securities increased their target price 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. Finally, Desjardins increased their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, First Capital Real Estate Investment Trust currently has an average rating of "Moderate Buy" and an average price target of C$20.86.

First Capital Real Estate Investment Trust Price Performance

The stock has a market cap of C$4.08 billion, a price-to-earnings ratio of -66.21, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The stock's 50 day moving average price is C$18.33 and its two-hundred day moving average price is C$17.34. 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.