First Capital Real Estate Investment Trust (TSE:FCR.UN) Cut to Market Perform at Raymond James Financial

Raymond James Financial downgraded shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) from an outperform rating to a market perform rating in a research note released on Wednesday,BayStreet.CA reports. The brokerage currently has C$22.50 price target on the stock, up from their prior price target of C$21.75.

Several other equities analysts have also weighed in on FCR.UN. Royal Bank Of Canada lifted 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 report on Friday, February 13th. National Bank Financial increased their price target on shares of First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a report on Friday, February 13th. Five equities research 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, First Capital Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus target price of C$22.42.

First Capital Real Estate Investment Trust Stock Performance

TSE FCR.UN opened at C$20.91 on Wednesday. The firm has a market capitalization of C$4.44 billion, a P/E ratio of 4.18, a PEG ratio of -2.77 and a beta of 0.99. The stock has a 50-day simple moving average of C$19.62 and a two-hundred day simple moving average of C$19.36. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. First Capital Real Estate Investment Trust has a fifty-two week low of C$15.17 and a fifty-two week high of C$21.17.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last posted 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 return on equity of 1.57% and a negative net margin of 8.48%. On average, equities analysts forecast 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.