First Capital Real Estate Investment Trust (TSE:FCR.UN) Sets New 1-Year High – Here’s Why

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) reached a new 52-week high during trading on Friday . The company traded as high as C$21.43 and last traded at C$21.38, with a volume of 79231 shares trading hands. The stock had previously closed at C$21.15.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FCR.UN. Raymond James Financial cut shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. National Bank Financial lifted their price objective on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada boosted their target price on First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.42.

First Capital Real Estate Investment Trust Stock Up 2.0%

The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The stock has a market cap of C$4.58 billion, a P/E ratio of 4.31, a P/E/G ratio of -2.77 and a beta of 0.99. The company has a 50-day simple moving average of C$19.78 and a two-hundred day simple moving average of C$19.42.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C$4.00 EPS for the quarter. The company had revenue of C$185.38 million during the quarter. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. On average, equities analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current year.

About First Capital Real Estate Investment Trust

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.