Firm Capital Mortgage Investment (TSE:FC) Posts Earnings Results

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

Firm Capital Mortgage Investment Stock Performance

Shares of Firm Capital Mortgage Investment stock opened at C$12.01 on Friday. The company has a market capitalization of C$441.24 million, a PE ratio of 12.24 and a beta of 0.63. The company has a 50-day simple moving average of C$12.03 and a two-hundred day simple moving average of C$12.04. Firm Capital Mortgage Investment has a one year low of C$11.51 and a one year high of C$12.47. The company has a debt-to-equity ratio of 30.25, a quick ratio of 17.11 and a current ratio of 1.03.

Firm Capital Mortgage Investment Dividend Announcement

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

Analysts Set New Price Targets

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

View Our Latest Stock Report on Firm Capital Mortgage Investment

About Firm Capital Mortgage Investment

(Get Free Report)

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.

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Earnings History for Firm Capital Mortgage Investment (TSE:FC)

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