Research Analysts Issue Forecasts for First Capital Realty Inc’s FY2017 Earnings (FCR)
First Capital Realty Inc (TSE:FCR) – Stock analysts at Raymond James Financial upped their FY2017 earnings per share estimates for shares of First Capital Realty in a research report issued to clients and investors on Wednesday. Raymond James Financial analyst K. Avalos now anticipates that the company will earn $1.15 per share for the year, up from their prior estimate of $1.14.
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Other analysts also recently issued research reports about the stock. TD Securities boosted their price objective on shares of First Capital Realty from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday. National Bank Financial boosted their price objective on shares of First Capital Realty from C$23.00 to C$23.50 and gave the company an “outperform” rating in a report on Friday, August 18th.
Shares of First Capital Realty (FCR) traded down C$0.16 during mid-day trading on Friday, reaching C$20.86. 397,582 shares of the company’s stock traded hands, compared to its average volume of 337,461. First Capital Realty has a 12-month low of C$19.19 and a 12-month high of C$21.40.
In other news, Director Allan Scott Kimberley purchased 20,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was bought at an average price of C$19.50 per share, with a total value of C$390,000.00.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, December 28th. First Capital Realty’s dividend payout ratio (DPR) is presently 34.68%.
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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