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Compiling comments that experts make about stocks while on public TV.

2017-04-18

Opinion for First Capital Realty (FCR-T)

Signal Price Bias Subject Owned
TOP PICK $20.350 OPTIMISTIC REAL ESTATE & REIT's Yes

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.)

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt

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