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

First Capital Real Estate Investment Trust (TSE:FCR.UN) was downgraded by stock analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report released on Wednesday,BayStreet.CA reports. They currently have a C$22.50 price objective on the stock, up from their previous price objective of C$21.75. Raymond James Financial’s target price points to a potential upside of 9.44% from the stock’s current price.

Other analysts also recently issued research reports about the company. Royal Bank Of Canada boosted their price objective 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 note on Friday, February 13th. National Bank Financial lifted 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 report on Friday, February 13th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, First Capital Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.42.

First Capital Real Estate Investment Trust Price Performance

FCR.UN traded down C$0.10 on Wednesday, reaching C$20.56. The company had a trading volume of 126,584 shares, compared to its average volume of 379,368. The company has a market capitalization of C$4.37 billion, a P/E ratio of 4.11, a PEG ratio of -2.77 and a beta of 0.99. 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 fifty day moving average of C$19.50 and a 200-day moving average of C$19.32. First Capital Real Estate Investment Trust has a one year low of C$15.17 and a one year high of C$20.88.

First Capital Real Estate Investment Trust (TSE:FCR.UN) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$4.00 earnings per share (EPS) for the quarter. First Capital Real Estate Investment Trust had a negative net margin of 8.48% and a negative return on equity of 1.57%. The business had revenue of C$185.38 million during the quarter. As a group, equities research analysts anticipate that First Capital Real Estate Investment Trust will post 1.2480836 earnings per share for the current 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.