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

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$20.30 and last traded at C$20.24, with a volume of 18696 shares. The stock had previously closed at C$20.22.

Analyst Ratings Changes

Separately, National Bankshares increased their price objective on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$21.90.

First Capital Real Estate Investment Trust Price Performance

The firm’s 50-day moving average is C$19.18 and its 200-day moving average is C$19.13. 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 company has a market capitalization of C$4.18 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of -2.77 and a beta of 0.99.

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.