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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) hit a new 52-week high on Tuesday . The stock traded as high as C$19.95 and last traded at C$19.91, with a volume of 152094 shares trading hands. The stock had previously closed at C$19.67.

Analyst Upgrades and Downgrades

Separately, National Bankshares raised their price target on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$21.90.

First Capital Real Estate Investment Trust Price Performance

The company has a 50-day moving average of C$19.15 and a two-hundred day moving average of C$19.09. 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 stock has a market capitalization of C$4.19 billion, a PE ratio of 17.06, a P/E/G ratio of -2.77 and a beta of 0.99.

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.