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

First Capital Real Estate Investment Trust (TSE:FCR.UN) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports. They currently have a C$24.20 price target on the stock, up from their previous price target of C$22.00. BMO Capital Markets’ price target would suggest a potential upside of 2.98% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada upped their target price 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 note on Friday, February 13th. National Bank Financial upped their price objective 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. Canadian Imperial Bank of Commerce downgraded First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price objective for the stock from C$22.50 to C$24.40 in a report on Friday, April 17th. Canaccord Genuity Group lowered First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from C$23.50 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 target for the stock 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.19.

First Capital Real Estate Investment Trust Trading Down 0.1%

Shares of First Capital Real Estate Investment Trust stock traded down C$0.02 during trading hours on Thursday, hitting C$23.50. The company’s stock had a trading volume of 364,904 shares, compared to its average volume of 538,409. The company has a market capitalization of C$4.99 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of -2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The stock has a 50 day moving average of C$21.58 and a 200 day moving average of C$20.18. First Capital Real Estate Investment Trust has a 12 month low of C$16.98 and a 12 month high of C$23.84.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$189.71 million during 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%. Analysts predict that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share 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.