First Capital Real Estate Investment Trust (TSE:FCR.UN) Reaches New 1-Year High – Should You Buy?

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. 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 report on Friday, February 13th. Royal Bank Of Canada upped their price target 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 note on Friday, February 13th. Finally, Raymond James Financial downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$21.75 to C$22.50 in a report on Wednesday, February 18th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, First Capital Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$22.42.

First Capital Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$4.58 billion, a PE ratio of 4.31, a PEG ratio of -2.77 and a beta of 0.99. The business has a 50 day moving average price of C$19.78 and a 200 day moving average price of C$19.42. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share (EPS) for the quarter. The firm had revenue of C$185.38 million for 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 research analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current 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.