First Capital Real Estate Investment Trust (TSE:FCR.UN) Reaches New 1-Year High After Analyst Upgrade

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s share price reached a new 52-week high during mid-day trading on Monday after Canaccord Genuity Group raised their price target on the stock from C$17.50 to C$20.00. Canaccord Genuity Group currently has a buy rating on the stock. First Capital Real Estate Investment Trust traded as high as C$18.44 and last traded at C$18.37, with a volume of 11327 shares trading hands. The stock had previously closed at C$18.43.

Several other research firms have also weighed in on FCR.UN. Desjardins increased their target price on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Securities lifted their target price on First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. CIBC increased their price target on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Scotiabank lifted their price objective on First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a report on Friday, August 2nd. Finally, Royal Bank of Canada increased their target price on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, First Capital Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$18.78.

First Capital Real Estate Investment Trust Price Performance

The stock has a market cap of C$3.91 billion, a price-to-earnings ratio of -63.48, a price-to-earnings-growth ratio of -2.77 and a beta of 1.27. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The company has a 50-day simple moving average of C$16.75 and a two-hundred day simple moving average of C$15.73.

First Capital Real Estate Investment Trust Company Profile

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.