First Capital Realty Inc (TSE:FCR) declared a quarterly dividend on Thursday, June 27th, TickerTech reports. Stockholders of record on Thursday, July 18th will be paid a dividend of 0.215 per share on Thursday, July 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, June 27th.
Shares of FCR opened at C$22.30 on Wednesday. First Capital Realty has a 1 year low of C$18.28 and a 1 year high of C$22.49. The company has a quick ratio of 0.08, a current ratio of 1.09 and a debt-to-equity ratio of 86.66. The company has a market capitalization of $5.38 billion and a P/E ratio of 16.64. The business’s 50-day moving average is C$21.49.
First Capital Realty (TSE:FCR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.24 earnings per share (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. On average, research analysts predict that First Capital Realty will post 2.14 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. 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 lowered their target price on First Capital Realty from C$23.00 to C$22.50 in a report on Friday, May 10th. 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. Raymond James upgraded First Capital Realty from an “outperform” rating to a “strong-buy” rating in a report on Friday, June 7th. Finally, CIBC lifted their target price on First Capital Realty from C$22.50 to C$23.00 in a report on Saturday, April 13th. Two analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Strong Buy” and a consensus price target of C$23.75.
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.
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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