Raymond James Financial Weighs in on First Capital Realty Inc’s FY2019 Earnings (FCR)

First Capital Realty Inc (TSE:FCR) – Equities researchers at Raymond James Financial issued their FY2019 earnings estimates for shares of First Capital Realty in a report issued on Monday. Raymond James Financial analyst K. Avalos forecasts that the company will post earnings per share of $1.26 for the year.

A number of other brokerages have also issued reports on FCR. TD Securities boosted their target price on shares of First Capital Realty from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Scotiabank boosted their target price on shares of First Capital Realty from C$22.00 to C$22.50 and gave the stock a “sector perform” rating in a research report on Friday, November 10th.

Shares of First Capital Realty (TSE FCR) traded up C$0.07 during trading on Wednesday, hitting C$20.65. 240,859 shares of the stock were exchanged, compared to its average volume of 262,765. First Capital Realty has a twelve month low of C$19.40 and a twelve month high of C$21.40. The firm has a market capitalization of $5,040.00, a PE ratio of 8.33 and a beta of 0.39.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Thursday, December 28th. First Capital Realty’s dividend payout ratio (DPR) is currently 34.68%.

In related news, Director Jodi Shpigel sold 6,189 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of C$20.72, for a total transaction of C$128,236.08.

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First Capital Realty Company Profile

First Capital Realty Inc (FCR) is engaged in the business of acquiring, developing, redeveloping, owning and managing urban retail-centered properties. The Company owns, develops and manages grocery anchored, urban properties where people live and shop. The Company operates through three segments: Eastern Region, which includes operations primarily in Quebec and Ottawa; Central Region, which includes the Company’s Ontario operations excluding Ottawa; and Western Region, which includes operations in Alberta and British Columbia.

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