Viewing Company First Capital Realty | StockChase
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Compiling comments that experts make about stocks while on public TV.

First Capital Realty Stock Symbol: FCR-T

Last Price Recorded: $19.8300 on 2017-05-24

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Date Signal Expert Opinion Price
2017-04-18 TOP PICK Derek Warren

Feels the 3 top picks have probably lagged the market unfairly. This has lagged for a number of reasons. There is a bit of a concern on the retail market in general, but he would argue that their locations are highly resilient. They’ve had their guidance lowered a little because of some of the acquisitions they did, some developments cost a fair bit of money. However, long term, this is going to work out very well. Thinks management has got the message that they need to provide more FFO per share growth over the next couple of quarters. The previous CEO has been selling which has put some pressure on the stock, but has nothing to do with the valuation of the company. Dividend yield of 4.2%. (Analysts’ price target is $23.)


Price:
$20.350
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-03-28 WATCH Paul Gardner, CFA

Generally the sector has underperformed.  The largest shareholder has done a secondary offering of their shares.  The feeling is that they will keep selling down.  But this is a fantastic company.  They are incredibly defensive.  They execute well.  He is closer to looking at buying it.  Net operating income should really pop over the next couple of years.


Price:
$19.860
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
No
2017-02-21 DON'T BUY Robert McWhirter

Ranks in the top 3rd of his database. A fairly slow growing company. Earnings growth is forecast to be negative, going from $1.03 in 2016 to $.86 in 2017. Free cash flow is a minus 3% on a 4th quarter trailing basis. Using enterprise value to EBITDA, it trades at 22X 4th quarter trailing and is down 2.6%. Dividend yield of 4.2%.


Price:
$20.570
Subject:
CANADIAN DIVIDEND & GROWTH
Bias:
BULLISH on OIL
Owned:
No
2017-02-03 TOP PICK Derek Warren

A retail REIT basically focused on Canada’s wealthiest neighbourhoods. They are always focused on the best locations, the best corners. Retail is facing some difficulties, but retailers are not just going to close up all their stores; the best stores in the best locations are going to continue to do well. This offers growth. Because of retail pressures, the stock has sold off giving an interesting opportunity. A compelling return over the next year. Dividend yield of 4.11%. (Analysts’ price target is $23.63.)


Price:
$20.890
Subject:
REITs & REAL ESTATE STOCKS
Bias:
CAUTIOUS
Owned:
Yes
2016-11-17 TOP PICK Derek Warren

Retail focused, but it owns a lot of Yorkville and assets in areas of high income. They came out with a perfect quarter, raised guidance, and the stock dropped 5%, so he was buying aggressively that day. This is a rare opportunity to buy a very high quality high end retail at a very reasonable price. Yield of 4.31%. (Analysts’ price target is $23.81.)


Price:
$19.950
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2016-06-17 COMMENT Greg Newman

A high-quality, urban focused REIT. Has a good growth rate of around 5% for the next couple of years. 81% payout ratio, so the dividend is safe. The balance sheet is pretty good, better than average. Debt to FMV is around 46%. Just raised some equity to fund a Montréal and Toronto acquisition, which looks accretive. Pretty expensive, trading at about 21X. He would consider selling some Call options a couple of times a year, obligating yourself to sell it at $22-$23 giving you some really good cash flow. 4% dividend yield.


Price:
$21.530
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Unknown
2016-01-05 BUY Paul Gardner, CFA

They are not taxable yet so they don’t have to be a REIT.  The real estate market is not great right now:  Target left, rising rates, anything related to Alberta.  FCR-T is defensive.  They are great managers.  A lot of properties are anchored by Shoppers or grocery stores.  They de-levered their balance sheet a few years ago.  They are benefiting from intensification in large cities.


Price:
$18.100
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Yes
2015-12-18 HOLD Derek Warren

Great company and great assets. Management team is focused on improving cash flow per share, while previous management was focused on building NAV. The slight difference is that one was focused on building quality real estate and the other is a bit more yield focused. Thinks the combination is generating a lot of attention again, as it has underperformed for some time. Very high quality, so this is one he doesn’t Sell, although may trim occasionally. 4.5% dividend yield.


Price:
$19.370
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2015-07-02 BUY Andy Nasr

Was a little worried that the valuation, especially relative to some of the other retail REITs, was a little expensive. However, it has pulled back and this is a pretty good entry point. This is a very, very high quality portfolio. Good management team.


Price:
$17.770
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
No
2015-04-22 COMMENT Derek Warren

A fantastic company. Very high quality management team. Great assets. What he likes is that they pay detailed attention to leasing.


Price:
$20.110
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Yes
2015-03-18 PAST TOP PICK Michael Missaghie

(A Top Pick March 19/14. Up 16.29%.) An owner of high quality retail in Canada. Also, have a very large development pipeline and will likely invest over $1 billion in the next 5 years. Trading slightly above NAV, but this is because of the quality of its properties, the quality of its balance sheet and the above average free cash flow growth.


Price:
$19.600
Subject:
REIT's
Bias:
SELECTIVE
Owned:
Yes
2015-01-29 HOLD Ben Cheng

A good operator, but a lot of these look relatively cheaply compared to US counterparts.


Price:
$19.570
Subject:
REITS, INCOME STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-12 WEAK BUY Paul Gardner, CFA

In a rising rate environment, real estate will get hit hard.  This one will get hit less because of their defensive asset class and they have premier tenants.  Great management.  He likes their properties.  They are conservative, good operators and they will outperform the class.  He doesn’t expect much even then, next year.


Price:
$18.690
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Unknown
2014-10-27 DON'T BUY Peter Hodson

Grouped with REITs, but not technically a REIT.  Good track record.  Revenue is relatively safe.  Staple industries are anchors.  In a recession they will do better, but interest rates will impact them significantly.  Dividend is secure, portfolio is diverse, but not one he would invest in.


Price:
$18.240
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2014-10-16 TOP PICK Michael Missaghie

Very high quality business.  Management team is very well aligned.  Asset quality has improved.  Payout ratio and leverage that are almost the best in the business.  The valuation is very undemanding.  There is an overhang because of an equity issue done recently.  NAV is about $18-$18.25.  It is a core position in his opinion.  He would add to it right now.


Price:
$17.620
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
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