Could First Capital Realty Inc See a Reversal After This Very Weak Session?

 Could First Capital Realty Inc See a Reversal After This Very Weak Session?

The stock of First Capital Realty Inc (TSE:FCR) is a huge mover today! About 130,523 shares traded hands. First Capital Realty Inc (TSE:FCR) has declined 1.48% since April 8, 2016 and is downtrending. It has underperformed by 6.46% the S&P500.
The move comes after 6 months negative chart setup for the $4.76B company. It was reported on Nov, 14 by Barchart.com. We have $17.86 PT which if reached, will make TSE:FCR worth $428.40M less.

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. First Capital Realty Inc. has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. National Bank Canada maintained First Capital Realty Inc (TSE:FCR) rating on Thursday, August 18. National Bank Canada has “Outperform” rating and $24.25 price target. The stock has “Buy” rating given by TD Securities on Friday, November 11. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, August 4. The rating was reinitiated by TD Securities on Friday, October 2 with “Buy”. Raymond James initiated the stock with “Outperform” rating in Wednesday, October 14 report.

Another recent and important First Capital Realty Inc (TSE:FCR) news was published by Reuters.com which published an article titled: “BRIEF-First Capital Realty announces additional C$150 mln offering” on September 22, 2016.

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 $4.76 billion. The Firm owns, develops and manages of grocery anchored, urban properties where people live and shop. It has a 13.02 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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