First Capital Real Estate Investment Trust (TSE:FCR.UN) Sets New 12-Month High – Here’s Why

First Capital Real Estate Investment Trust (TSE:FCR.UN) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$20.96 and last traded at C$20.96, with a volume of 147935 shares changing hands. The stock had previously closed at C$20.63.

Wall Street Analyst Weigh In

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

First Capital Real Estate Investment Trust Price Performance

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 company has a market capitalization of C$4.44 billion, a PE ratio of 4.18, a price-to-earnings-growth ratio of -2.77 and a beta of 0.99. The stock’s 50 day simple moving average is C$19.62 and its 200-day simple moving average is C$19.36.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$4.00 EPS for the quarter. The business 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%. As a group, equities analysts forecast that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current fiscal year.

First Capital Real Estate Investment Trust Company Profile

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