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

Raymond James Financial lowered shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) from an outperform rating to a market perform rating in a report issued on Wednesday morning,BayStreet.CA reports. They currently have C$22.50 target price on the stock, up from their prior target price of C$21.75.

Several other equities research analysts also recently commented on the company. National Bank Financial increased their price objective on First Capital Real Estate Investment Trust from C$23.00 to C$23.50 and gave the company an “outperform” rating in a report on Friday, February 13th. Royal Bank Of Canada upped their price target on shares of First Capital Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$22.42.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE FCR.UN opened at C$20.54 on Wednesday. The stock has a market capitalization of C$4.36 billion, a price-to-earnings ratio of 4.10, a PEG ratio of -2.77 and a beta of 0.99. The business has a 50-day moving average of C$19.54 and a 200-day moving average of C$19.33. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. First Capital Real Estate Investment Trust has a fifty-two week low of C$15.17 and a fifty-two week high of C$20.88.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its earnings results on Tuesday, February 10th. The company reported C$4.00 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current fiscal 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.