First Capital Realty (FCR.TO) Buy, Sell or Hold

First Capital Realty (FCR.TO)

20.86

-0.00 (0.00%)

as of Dec 27, 2019, 5:00:00 am Market Open.

124 watching

TOP PICK

Neighbourhood, grocery anchored mall focused. Substantial dividend. Their specialty is the acquisition and development of grocery anchored malls. Principles own about 50% of the outstanding shares.

BUY

Portfolio of retail assets, shopping malls, etc. There are 2 large controlling shareholders will own about 65%. Should continue to perform well as long as pension funds and private equities continue to put hard money into real estate.

BUY ON WEAKNESS

Real estate operating company. Retail oriented. Probably the best management team in the business.

TRADE

Formation Capital is one of his clients. It is the only pure cobalt mining company around. They are waiting for one last permit. The company has been around for a while and has a well managed team.

BUY

Has a strong buy rating on this. A premier owner of grocery anchored retail centres. Good management team. Payout ratio is below that of the REIT sector. A great name to own.

HOLD

He likes First Capital Realty a lot. This was a previous pick. They have brought their debt down. They are great managers. Problems trading- more expensive. Yield is 5%. Not a trust so the dividend is taxed. Not considering selling it.

PAST TOP PICK

First Capital Realty is run by the one of smartest real estate management teams in Canada. It was a top pick in August. They still own and are very happy with it. It pays a dividend so you get full dividend tax credit on it.

BUY

They own it in a couple of their funds. It pays 5% yield. They like it and continue to buy. In 2007 it may become a REIT.

BUY

Development in mall areas. Well diversified with great anchors. Does not own on the equity side but owns on the bond side.

BUY

A name he always likes. Took a bit off the table to balance his portfolio. Good product and good management. Pays 5% dividend.

BUY

An extremely well run real estate company. It gives a very decent dividend yield, one of the best dividends on the TSX. You also get a very conservative balance sheet. Did a convertible debt issue a few weeks ago and are in a position to pursue some significant property transactions. Good management.

BUY

A fantastic name. Not a REIT. They have tax losses and don't pay tax. Similar to a REIT and trades on similar valuation multiples because they effectively pay out 80% of their funds from operations. She has an outperform rating with a $22 target price. Good yield of about 5.2%. Good growth potential.

TOP PICK

Very good management. Have improved their balance sheet and increased their cash flow. Manage their properties very intelligently, very aggressively. Dividend that's close to 6% which won't be hurt by whatever way the wind blows on trusts, dividends, etc.

WATCH

Has been a good holding with a nice yield, but not in trust form. You could probably see a little bit of further legs on this. Wonder if they are now looking at a trust format to squeeze out another 10/20% of valuation? Looks fairly fully valued.

BUY

An excellent company. One of the best REIT positioners of grocery anchored malls. One of the better managed real estate companies in Canada.

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First Capital Realty (FCR.TO)