First Capital Real Estate Investment Trust (TSE:FCR.UN) Rating Lowered to Hold at Canaccord Genuity Group

First Capital Real Estate Investment Trust (TSE:FCR.UN) was downgraded by investment analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research report issued on Friday,BayStreet.CA reports. They presently have a C$24.40 price target on the stock, up from their prior price target of C$23.50. Canaccord Genuity Group’s target price points to a potential upside of 3.92% from the company’s current price.

A number of other research analysts also recently commented on FCR.UN. National Bank Financial increased their target price on shares of 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 downgraded shares of First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. Finally, Royal Bank Of Canada increased 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 report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, First Capital Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average price target of C$23.04.

First Capital Real Estate Investment Trust Trading Down 0.5%

Shares of TSE:FCR.UN opened at C$23.48 on Friday. First Capital Real Estate Investment Trust has a 52 week low of C$16.08 and a 52 week high of C$23.84. The company’s 50 day moving average is C$20.96 and its two-hundred day moving average is C$19.87. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The company has a market cap of C$4.99 billion, a PE ratio of 4.69, a P/E/G ratio of -2.77 and a beta of 0.89.

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 net margin of 8.48% and a negative return on equity of 1.57%. Equities analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current fiscal 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.