Firm Capital Mortgage Investment (TSE:FC) Issues Quarterly Earnings Results

Firm Capital Mortgage Investment (TSE:FC) announced its quarterly earnings results on Thursday. The company reported C$0.23 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$13.56 million during the quarter. Firm Capital Mortgage Investment had a net margin of 56.81% and a return on equity of 8.48%.

Firm Capital Mortgage Investment Trading Up 0.4%

Shares of Firm Capital Mortgage Investment stock traded up C$0.05 during trading on Thursday, hitting C$12.01. The company’s stock had a trading volume of 59,445 shares, compared to its average volume of 61,038. The stock has a market cap of C$441.24 million, a price-to-earnings ratio of 12.24 and a beta of 0.63. Firm Capital Mortgage Investment has a 52 week low of C$11.51 and a 52 week high of C$12.47. The stock has a 50-day moving average price of C$12.02 and a two-hundred day moving average price of C$12.04. The company has a debt-to-equity ratio of 30.25, a current ratio of 1.03 and a quick ratio of 17.11.

Firm Capital Mortgage Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be paid a $0.078 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 7.8%. Firm Capital Mortgage Investment’s payout ratio is currently 95.41%.

Analyst Ratings Changes

Separately, National Bank Financial set a C$12.00 target price on Firm Capital Mortgage Investment and gave the company an “outperform” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Firm Capital Mortgage Investment presently has an average rating of “Buy” and an average price target of C$12.00.

About Firm Capital Mortgage Investment

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors.