Raymond James Believes First Capital Realty (FCR) Still Has Room to Grow


In a new note to investors today, an analyst has provided a rating update for First Capital Realty (FCR). Analyst Ken Avalos from Raymond James rated First Capital Realty (FCR) a Buy.

According to TipRanks.com, Avalos is a 5-star analyst with an average return of 11.7% and a 82.0% success rate. Avalos covers the Financial sector, focusing on stocks such as RioCan Real Estate Investment Trust, Artis Real Estate Investment Trust, and Pure Multi-Family REIT LP.

Currently, the analyst consensus on First Capital Realty is a Strong Buy with an average price target of C$24.50.

Based on First Capital Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$62.15 million. In comparison, last year the company had a net profit of C$65.94 million.

First Capital Realty, Inc. owns, develops and manages grocery anchored, retail focused urban properties where people live and shop for everyday life. Its properties include groceries, prescription drugs, personal care items, household supplies, banking and other personal services.

The company’s shares closed on Friday at C$21.97, close to its 52-week high of C$22.17.

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