Royal Bank Of Canada Downgrades First Capital Real Estate Investment Trust (TSE:FCR.UN) to Sector Perform

First Capital Real Estate Investment Trust (TSE:FCR.UN) was downgraded by investment analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Wednesday,BayStreet.CA reports. They currently have a C$24.40 target price on the stock, up from their previous target price of C$23.00. Royal Bank Of Canada’s price objective points to a potential upside of 3.61% from the stock’s current price.

Several other analysts have also weighed in on FCR.UN. Raymond James Financial lowered 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. National Bank Financial lifted their price target 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. Canaccord Genuity Group lowered First Capital Real Estate Investment Trust from a “buy” rating to a “hold” rating and lifted their price target for the company from C$23.50 to C$24.40 in a research note on Friday, April 17th. BMO Capital Markets lowered First Capital Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and lifted their price target for the company from C$22.00 to C$24.20 in a research note on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce lowered First Capital Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their price target for the company from C$22.50 to C$24.40 in a research note on Friday, April 17th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$23.36.

First Capital Real Estate Investment Trust Price Performance

TSE:FCR.UN traded up C$0.02 during trading hours on Wednesday, hitting C$23.55. The company’s stock had a trading volume of 442,697 shares, compared to its average volume of 540,811. The stock has a fifty day simple moving average of C$22.25 and a 200-day simple moving average of C$20.60. The company has a market capitalization of C$5.01 billion, a P/E ratio of 4.67, a PEG 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. First Capital Real Estate Investment Trust has a twelve month low of C$17.36 and a twelve month high of C$23.84.

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