First Capital Real Estate Investment Trust (TSE:FCR.UN) Sets New 12-Month High - Still a Buy?

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)'s stock price hit a new 52-week high on Thursday . The company traded as high as C$19.11 and last traded at C$18.94, with a volume of 13727 shares changing hands. The stock had previously closed at C$19.04.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Desjardins lifted their price objective 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 research note on Thursday, July 31st. CIBC lifted their price objective on shares of 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 lifted their price objective 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 research note on Thursday, July 31st. Finally, National Bankshares lifted their price objective on shares of 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, First Capital Real Estate Investment Trust currently has an average rating of "Moderate Buy" and a consensus price target of C$20.86.

First Capital Real Estate Investment Trust Trading Down 0.8%

The company's fifty day moving average price is C$18.24 and its two-hundred day moving average price is C$17.29. 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 cap of C$4.01 billion, a P/E ratio of -65.10, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28.

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.

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