First Capital Real Estate Investment Trust (TSE:FCR.UN) Downgraded to “Hold” Rating by Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) from a buy rating to a hold rating in a report issued on Friday,BayStreet.CA reports. Canaccord Genuity Group currently has C$24.40 price objective on the stock, up from their previous price objective of C$23.50.

FCR.UN has been the topic of several other reports. Royal Bank Of Canada raised their price objective on 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. Raymond James Financial cut First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$21.75 to C$22.50 in a research note on Wednesday, February 18th. Finally, National Bank Financial raised 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 research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, First Capital Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average target price of C$23.04.

First Capital Real Estate Investment Trust Stock Performance

TSE FCR.UN opened at C$23.48 on Friday. The company has a fifty day simple moving average of C$20.96 and a 200 day simple moving average of C$19.87. First Capital Real Estate Investment Trust has a 12-month low of C$16.08 and a 12-month high of C$23.84. 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 P/E ratio of 4.69, a PEG ratio of -2.77 and a beta of 0.89.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its quarterly earnings data on Tuesday, February 10th. The company reported C$4.00 earnings per share 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%.The business had revenue of C$185.38 million for the quarter. Sell-side 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.