Is First Capital Realty Inc a Buy? The Stock Rises Again

 Is First Capital Realty Inc a Buy? The Stock Rises Again

The stock of First Capital Realty Inc (TSE:FCR) is a huge mover today! About 58,449 shares traded hands. First Capital Realty Inc (TSE:FCR) has risen 1.97% since April 1, 2016 and is uptrending. It has outperformed by 0.01% the S&P500.
The move comes after 6 months positive chart setup for the $5.14 billion company. It was reported on Nov, 8 by Barchart.com. We have $33.72 PT which if reached, will make TSE:FCR worth $3.03B more.

First Capital Realty Inc (TSE:FCR) Ratings Coverage

Out of 6 analysts covering First Capital Realty Inc. (TSE:FCR), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $25 is the highest target while $20 is the lowest. The $22.66 average target is 6.84% above today’s ($21.21) stock price. First Capital Realty Inc. has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, October 2 by TD Securities. Canaccord Genuity upgraded the stock to “Buy” rating in Tuesday, August 4 report. Raymond James initiated First Capital Realty Inc (TSE:FCR) on Wednesday, October 14 with “Outperform” rating. The stock of First Capital Realty Inc (TSE:FCR) earned “Outperform” rating by National Bank Canada on Thursday, August 18.

More news for First Capital Realty Inc (TSE:FCR) were recently published by: Reuters.com, which released: “BRIEF-First Capital Realty announces additional C$150 mln offering” on September 22, 2016. Globenewswire.com‘s article titled: “Greybrook Realty Partners Invests $17785000 in a Luxury Retail Redevelopment …” and published on September 21, 2016 is yet another important article.

First Capital Realty Inc. is a Canada company, which is engages in the business of acquiring, developing, redeveloping, owning and managing urban retail-centered properties. The company has a market cap of $5.14 billion. The Firm owns, develops and manages of grocery anchored, urban properties where people live and shop. It has a 16.62 P/E ratio. The Firm has three operating divisions: Eastern, which includes activities primarily in Quebec and Ottawa; Central, which includes the Company’s Ontario activities excluding Ottawa; and Western, which includes activities in Alberta and British Columbia.

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