First Capital Realty (TSE:FCR) Given Market Perform Rating at Raymond James

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Raymond James restated their market perform rating on shares of First Capital Realty (TSE:FCR) in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have a C$22.50 target price 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 equities analysts have also recently commented on the company. CIBC lifted their target price on First Capital Realty from C$23.00 to C$23.50 in a report on Friday. TD Securities lifted their target price on First Capital Realty from C$24.00 to C$26.00 and gave the stock a buy rating in a report on Saturday, April 13th. National Bank Financial dropped their target price on First Capital Realty from C$23.00 to C$22.50 in a report on Friday, May 10th. Finally, Royal Bank of Canada upgraded First Capital Realty from an outperform rating to a top pick rating and lifted their target price for the stock from C$24.00 to C$25.00 in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of C$23.75.

Shares of First Capital Realty stock opened at C$22.00 on Friday. The stock has a market cap of $5.30 billion and a PE ratio of 16.12. The company has a current ratio of 0.93, a quick ratio of 0.37 and a debt-to-equity ratio of 117.00. The business has a 50 day moving average of C$22.06. First Capital Realty has a one year low of C$18.28 and a one year high of C$22.49.

First Capital Realty (TSE:FCR) last announced its earnings results 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 firm had revenue of C$194.67 million during the quarter. Equities analysts expect that First Capital Realty will post 1.9000001 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Thursday, July 18th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Thursday, June 27th. First Capital Realty’s payout ratio is currently 63.00%.

In other First Capital Realty news, Director Dori Segal acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of C$10.60 per share, for a total transaction of C$26,500.00. Following the acquisition, the director now directly owns 67,000 shares in the company, valued at C$710,200. In the last 90 days, insiders have purchased 12,000 shares of company stock valued at $126,905.

About First Capital Realty

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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