First Capital Real Estate Investment Trust (TSE:FCR.UN) Lowered to Market Perform Rating by BMO Capital Markets

BMO Capital Markets downgraded shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) from an outperform rating to a market perform rating in a report published on Thursday,BayStreet.CA reports. They currently have C$24.20 price target on the stock, up from their previous price target of C$22.00.

FCR.UN has been the topic of a number of other reports. Canaccord Genuity Group downgraded First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$23.50 to C$24.40 in a research report on Friday, April 17th. National Bank Financial boosted their target price 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 boosted their target price on 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. Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their target price for the stock from C$22.50 to C$24.40 in a research report on Friday, April 17th. Finally, Raymond James Financial downgraded First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$21.75 to C$22.50 in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.19.

First Capital Real Estate Investment Trust Trading Down 0.3%

FCR.UN opened at C$23.46 on Thursday. The firm has a market cap of C$4.98 billion, a price-to-earnings ratio of 4.68, a price-to-earnings-growth ratio of -2.77 and a beta of 0.96. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The business’s 50 day moving average is C$21.63 and its two-hundred day moving average is C$20.21. First Capital Real Estate Investment Trust has a 52 week low of C$16.98 and a 52 week high of C$23.84.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last released its earnings results on Tuesday, May 5th. The company reported C$0.43 earnings per share (EPS) 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$189.71 million for the quarter. On average, research analysts predict 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.