Review Mortgage Lenders

Capital First Realty

First Capital Realty opens Toronto Stock Exchange, October 29, 2010.

Chaim Katzman, Chairman, and Dori Segal, President and CEO, First Capital Realty Inc., will join Robert Fotheringham, Senior Vice President ...

Gideon Capital Advisors Inc. Purchases New Holdings in First Industrial Realty Trust, Inc. (FR)

Gideon Capital Advisors Inc. purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 13,290 shares of the real estate investment trust’s stock, valued at approximately $443,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank increased its holdings in First Industrial Realty Trust by 10.0% in the 2nd quarter. Amalgamated Bank now owns 18,641 shares of the real estate investment trust’s stock valued at $621,000 after purchasing an additional 1,693 shares in the last quarter. Principal Financial Group Inc. boosted its position in First Industrial Realty Trust by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 4,102,838 shares of the real estate investment trust’s stock valued at $119,926,000 after buying an additional 99,375 shares during the last quarter. Allianz Asset Management GmbH boosted its position in First Industrial Realty Trust by 48.0% in the 1st quarter. Allianz Asset Management GmbH now owns 623,674 shares of the real estate investment trust’s stock valued at $18,230,000 after buying an additional 202,247 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in First Industrial Realty Trust by 7.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 33,900 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 2,300 shares during the last quarter. Finally, Sei Investments Co. boosted its position in First Industrial Realty Trust by 11.1% in the 1st quarter. Sei Investments Co. now owns 130,888 shares of the real estate investment trust’s stock valued at $3,826,000 after buying an additional 13,130 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Does First Capital Realty Inc's (TSE:FCR) PE Ratio Warrant A Buy?

The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. We preferably want to compare the stock’s P/E ratio to the average of companies that have similar features to FCR, such as capital structure and profitability. A quick method of creating a peer group is to use companies in the same industry, which is what I will do. Since it is expected that similar companies have similar P/E ratios, we can come to some conclusions about the stock if the ratios are different.

FCR’s P/E of 16.4x is lower than its industry peers (16.5x), which implies that each dollar of FCR’s earnings is being undervalued by investors. This multiple is a median of profitable companies of 23 Real Estate companies in CA including Regent Pacific Properties, Mainstreet Equity and Urbanfund. Therefore, according to this analysis, FCR is an under-priced stock.

Assumptions to watch out for

However, before you rush out to buy FCR, it is important to note that this conclusion is based on two key assumptions. The first is that our peer group actually contains companies that are similar to FCR. If this isn’t the case, the difference in P/E could be due to some other factors. For example, if you accidentally compared higher growth firms with FCR, then FCR’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. Alternatively, if you inadvertently compared less risky firms with FCR, FCR’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well. The second assumption that must hold true is that the stocks we are comparing FCR to are fairly valued by the market. If this assumption does not hold true, FCR’s lower P/E ratio may be because firms in our peer group are being overvalued by the market.

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JACKSON EQUIPMENT RENTAL COMPANY

On August 1, 2006, Jackson Equipment Rental Company was formed by Sam and John Jackson.


This is your teacher talking....i said NO Cheating!!!

But seriously, just break it down, it is not hard, just time consuming...and i bet your deadline is fast approaching and you party's too much.