First Capital Realty’s (FCR) “Market Perform” Rating Reaffirmed at Raymond James

Raymond James restated their market perform rating on shares of First Capital Realty (TSE:FCR) in a research note published on Friday, BayStreet.CA reports. They currently have a C$22.50 price target on the stock. Raymond James also issued estimates for First Capital Realty’s Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $1.24 EPS, Q3 2020 earnings at $0.31 EPS, Q4 2020 earnings at $0.31 EPS and FY2020 earnings at $1.26 EPS.

A number of other research firms have also commented on FCR. CIBC lifted their price objective on First Capital Realty from C$23.00 to C$23.50 in a research note on Friday. Royal Bank of Canada raised First Capital Realty from an outperform rating to a top pick rating and lifted their price objective for the stock from C$24.00 to C$25.00 in a research note on Wednesday, April 24th. TD Securities lifted their price objective on First Capital Realty from C$24.00 to C$26.00 and gave the stock a buy rating in a research note on Saturday, April 13th. Finally, National Bank Financial cut their price objective on First Capital Realty from C$23.00 to C$22.50 in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of C$23.75.

Shares of First Capital Realty stock traded up C$0.05 during midday trading on Friday, reaching C$22.00. The company had a trading volume of 343,600 shares, compared to its average volume of 467,469. The stock’s fifty day moving average is C$22.07. The company has a current ratio of 1.09, a quick ratio of 0.08 and a debt-to-equity ratio of 86.66. The stock has a market capitalization of $5.30 billion and a price-to-earnings ratio of 16.42. First Capital Realty has a fifty-two week low of C$18.28 and a fifty-two week high of C$22.49.

First Capital Realty (TSE:FCR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.24 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.31 by C($0.07). The company had revenue of C$194.67 million during the quarter. Research analysts forecast that First Capital Realty will post 1.8999999 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Thursday, July 18th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, June 27th. First Capital Realty’s dividend payout ratio is currently 48.13%.

In other First Capital Realty news, Director Dori Segal bought 4,500 shares of the stock in a transaction on Friday, May 10th. The stock was acquired at an average cost of C$10.63 per share, for a total transaction of C$47,835.00. Following the completion of the acquisition, the director now owns 64,500 shares in the company, valued at approximately C$685,635. Over the last quarter, insiders acquired 12,000 shares of company stock valued at $126,905.

First Capital Realty Company Profile

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.

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