First Capital Real Estate Investment Trust (TSE:FCR.UN) Hits 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 Tuesday . The stock traded as high as C$21.89 and last traded at C$21.89, with a volume of 24156 shares. The stock had previously closed at C$21.58.

Analysts Set New Price Targets

FCR.UN has been the subject of a number of research analyst reports. National Bank Financial lifted their price target 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. Raymond James Financial cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$22.42.

First Capital Real Estate Investment Trust Stock Up 1.1%

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 market capitalization of C$4.63 billion, a P/E ratio of 4.35, a price-to-earnings-growth ratio of -2.77 and a beta of 0.89. The company has a 50-day moving average of C$20.77 and a two-hundred day moving average of C$19.79.

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