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 (TSE:FCR.UN) reached a new 52-week high of C$19.58 during trading, closing at C$19.53.
• Various analysts have upgraded their target prices for the stock, with ratings of "buy" or "outperform" from firms such as TD Securities and CIBC, setting a consensus target price of C$20.97.
• The company has a market capitalization of C$4.15 billion and carries a debt-to-equity ratio of 112.41, indicating a significant amount of leverage.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$19.58 and last traded at C$19.53, with a volume of 132854 shares trading hands. The stock had previously closed at C$19.47.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. National Bankshares raised 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. TD Securities raised their target price on shares of 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 raised their target price on shares of 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. CIBC raised their target price 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 research note on Thursday, July 31st. Finally, Royal Bank Of Canada raised their target price 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 research note on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, First Capital Real Estate Investment Trust has a consensus rating of "Moderate Buy" and an average target price of C$20.97.

First Capital Real Estate Investment Trust Trading Up 0.3%

The firm has a market cap of C$4.15 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of -2.77 and a beta of 0.91. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The firm's fifty day moving average is C$19.02 and its 200-day moving average is C$17.79.

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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