First Capital Realty Inc (TSE:FCR) to Issue $0.22 Quarterly Dividend

First Capital Realty Inc (TSE:FCR) declared a quarterly dividend on Thursday, June 27th, TickerTech reports. Shareholders 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 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, June 27th.

FCR traded up C$0.20 during trading on Tuesday, hitting C$22.40. The company’s stock had a trading volume of 115,115 shares, compared to its average volume of 478,170. The business has a 50 day simple moving average of C$21.47. The company has a debt-to-equity ratio of 86.66, a quick ratio of 0.08 and a current ratio of 1.09. The stock has a market cap of $5.38 billion and a PE ratio of 16.61. First Capital Realty has a twelve month low of C$18.28 and a twelve month high of C$22.49.

First Capital Realty (TSE:FCR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.31 by C($0.07). The business had revenue of C$194.67 million during the quarter. As a group, research analysts expect that First Capital Realty will post 2.14 EPS for the current year.

Several brokerages have weighed in on FCR. TD Securities boosted their price target on First Capital Realty from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Saturday, April 13th. National Bank Financial dropped their price objective 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 upped their price objective 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 upped their price objective on First Capital Realty from C$22.50 to C$23.00 in a report on Saturday, April 13th. Two research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. First Capital Realty currently has an average rating of “Strong Buy” and an average target price of C$23.75.

In other news, Director Dori Segal acquired 4,500 shares of the company’s stock in a transaction dated 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 acquisition, the director now directly owns 64,500 shares in the company, valued at approximately C$685,635. Over the last 90 days, insiders have bought 12,000 shares of company stock valued at $126,905.

First Capital Realty Company Profile

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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Dividend History for First Capital Realty (TSE:FCR)

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