First Capital Realty (TSE:FCR) Price Target Raised to C$23.50

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First Capital Realty (TSE:FCR) had its price target raised by CIBC from C$23.00 to C$23.50 in a research report released on Friday, BayStreet.CA reports.

Several other analysts have also issued reports on FCR. TD Securities upped their target price 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. Raymond James lowered First Capital Realty from a strong-buy rating to a market perform rating in a research note on Monday, July 15th. National Bank Financial cut their target price on First Capital Realty from C$23.00 to C$22.50 in a research note on Friday, May 10th. Finally, Royal Bank of Canada raised First Capital Realty from an outperform rating to a top pick rating and upped their target price for the stock from C$24.00 to C$25.00 in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$23.75.

Shares of TSE FCR opened at C$22.00 on Friday. First Capital Realty has a 12 month low of C$18.28 and a 12 month high of C$22.49. The company has a quick ratio of 0.37, a current ratio of 0.93 and a debt-to-equity ratio of 117.00. The stock has a market capitalization of $5.30 billion and a price-to-earnings ratio of 16.12. The stock’s 50-day simple moving average is C$22.06.

First Capital Realty (TSE:FCR) last issued its earnings results on Tuesday, May 7th. The company reported C$0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.31 by C($0.07). The business had revenue of C$194.67 million during the quarter. As a group, analysts anticipate that First Capital Realty will post 1.9000001 EPS for the current year.

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

In other news, Director Dori Segal bought 4,500 shares of the business’s stock in a transaction on Friday, May 10th. The stock was acquired at an average price of C$10.63 per share, with a total value of C$47,835.00. Following the completion of the purchase, the director now directly owns 64,500 shares in the company, valued at C$685,635. In the last ninety days, insiders acquired 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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