First Capital Realty (TSE:FCR) Earns Market Perform Rating from Raymond James

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Raymond James reissued their market perform rating on shares of First Capital Realty (TSE:FCR) in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have a C$22.50 price target on the stock.

Other analysts also recently issued reports about the stock. CIBC boosted their target price on shares of First Capital Realty from C$23.00 to C$23.50 in a research note on Friday, August 2nd. Canaccord Genuity upped their price target on shares of First Capital Realty from C$24.00 to C$25.00 in a research note on Wednesday, September 4th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. First Capital Realty currently has an average rating of Buy and an average price target of C$23.93.

TSE:FCR traded down C$0.12 during trading hours on Thursday, hitting C$21.86. 308,950 shares of the stock traded hands, compared to its average volume of 436,510. The firm has a 50 day moving average price of C$22.19 and a 200 day moving average price of C$21.76. The company has a current ratio of 0.93, a quick ratio of 0.07 and a debt-to-equity ratio of 117.75. First Capital Realty has a fifty-two week low of C$18.28 and a fifty-two week high of C$22.79. The firm has a market cap of $4.83 billion and a price-to-earnings ratio of 16.05.

First Capital Realty (TSE:FCR) last announced its earnings results on Wednesday, July 31st. The company reported C$0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.31 by C$0.05. The firm had revenue of C$186.83 million for the quarter. Research analysts predict that First Capital Realty will post 1.87 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 17th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Thursday, September 26th. First Capital Realty’s dividend payout ratio (DPR) is presently 63.10%.

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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