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

Firm Capital Mortgage Investment (TSE:FC) posted its quarterly earnings results on Thursday. The company reported C$0.23 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$13.56 million for 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 Stock Performance

TSE:FC opened at C$11.88 on Friday. The stock’s 50-day moving average is C$12.02 and its 200-day moving average is C$12.04. Firm Capital Mortgage Investment has a 1-year low of C$11.51 and a 1-year high of C$12.47. The company has a current ratio of 1.03, a quick ratio of 17.11 and a debt-to-equity ratio of 30.25. The stock has a market cap of C$436.46 million, a P/E ratio of 12.11 and a beta of 0.63.

Firm Capital Mortgage Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.078 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, July 31st. Firm Capital Mortgage Investment’s dividend payout ratio (DPR) is presently 95.41%.

Analyst Ratings Changes

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

Firm Capital Mortgage Investment Company Profile

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.