First Capital Realty’s (FCR) Market Perform Rating Reiterated at Raymond James

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First Capital Realty (TSE:FCR)‘s stock had its “market perform” rating reissued by equities researchers at Raymond James in a report released on Thursday, BayStreet.CA reports. They currently have a C$22.50 price objective on the stock. Raymond James’ target price indicates a potential upside of 2.37% from the company’s current price.

FCR has been the subject of several other research reports. Canaccord Genuity raised their price objective on shares of First Capital Realty from C$24.00 to C$25.00 in a report on Wednesday, September 4th. CIBC raised their price objective on shares of First Capital Realty from C$23.00 to C$23.50 in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$23.93.

TSE FCR opened at C$21.98 on Thursday. The firm has a market cap of $4.84 billion and a price-to-earnings ratio of 16.13. The company has a 50 day moving average of C$22.19 and a 200-day moving average of C$21.76. The company has a current ratio of 0.93, a quick ratio of 0.07 and a debt-to-equity ratio of 117.75. First Capital Realty has a 1-year low of C$18.28 and a 1-year high of C$22.79.

First Capital Realty (TSE:FCR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.31 by C$0.05. The firm had revenue of C$186.83 million for the quarter. On average, analysts forecast that First Capital Realty will post 1.87 earnings per share for the current year.

About First Capital Realty

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.

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