First Capital Real Estate Investment Trust (TSE:FCR.UN) Downgraded by Raymond James Financial to “Market Perform”

First Capital Real Estate Investment Trust (TSE:FCR.UN) was downgraded by investment analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They presently have a C$22.50 price target on the stock, up from their prior price target of C$21.75. Raymond James Financial’s price target would suggest a potential upside of 9.44% from the stock’s current price.

Several other research firms have also recently weighed in on FCR.UN. National Bank Financial boosted their price objective on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Royal Bank Of Canada upped their target price on shares of First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$22.42.

First Capital Real Estate Investment Trust Stock Performance

Shares of TSE FCR.UN traded down C$0.10 during trading hours on Wednesday, hitting C$20.56. 126,584 shares of the stock were exchanged, compared to its average volume of 379,368. First Capital Real Estate Investment Trust has a one year low of C$15.17 and a one year high of C$20.88. The company’s 50 day moving average is C$19.50 and its 200 day moving average is C$19.32. 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$4.37 billion, a P/E ratio of 4.11, 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 earnings results on Tuesday, February 10th. The company reported C$4.00 EPS for the quarter. The firm had revenue of C$185.38 million for the quarter. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. On average, research analysts expect that First Capital Real Estate Investment Trust will post 1.2480836 EPS for the current year.

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.