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)’s share price reached a new 52-week high on Friday . The stock traded as high as C$21.43 and last traded at C$21.38, with a volume of 79231 shares changing hands. The stock had previously closed at C$21.15.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FCR.UN. Raymond James Financial lowered shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. Royal Bank Of Canada lifted 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, National Bank Financial increased 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. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$22.42.

First Capital Real Estate Investment Trust Price Performance

The firm’s 50 day simple moving average is C$19.83 and its two-hundred day simple moving average is C$19.44. 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 firm has a market capitalization of C$4.54 billion, a P/E ratio of 4.27, a P/E/G ratio of -2.77 and a beta of 0.99.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$4.00 earnings per share (EPS) for the quarter. First Capital Real Estate Investment Trust had a negative return on equity of 1.57% and a negative net margin of 8.48%.The firm had revenue of C$185.38 million for the quarter. As a group, analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share 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.