First Capital Real Estate Investment Trust (TSE:FCR.UN) Sets New 1-Year High at $18.83

First Capital Real Estate Investment Trust (TSE:FCR.UN) shares reached a new 52-week high during trading on Monday . The company traded as high as C$18.83 and last traded at C$18.74, with a volume of 56384 shares. The stock had previously closed at C$18.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FCR.UN shares. TD Securities lifted their price target on First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Scotiabank increased their price target on shares of First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research report on Friday, August 2nd. Canaccord Genuity Group lifted their price objective on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Desjardins increased their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, First Capital Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average target price of C$18.78.

First Capital Real Estate Investment Trust Price Performance

The company has a market capitalization of C$3.99 billion, a price-to-earnings ratio of -64.62, a price-to-earnings-growth ratio of -2.77 and a beta of 1.27. 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 company has a 50 day simple moving average of C$17.01 and a 200 day simple moving average of C$15.81.

About First Capital Real Estate Investment Trust

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.