First Capital Realty (TSE:FCR) Hits New 1-Year High at $22.55

First Capital Realty Inc (TSE:FCR) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$22.55 and last traded at C$22.53, with a volume of 93837 shares traded. The stock had previously closed at C$22.29.

FCR has been the subject of a number of recent research reports. CIBC upped their target price on First Capital Realty from C$23.00 to C$23.50 in a report on Friday, August 2nd. Raymond James reaffirmed a “market perform” rating and issued a C$22.50 target price on shares of First Capital Realty in a report on Friday, August 2nd. Finally, Canaccord Genuity upped their target price on First Capital Realty from C$24.00 to C$25.00 in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. First Capital Realty currently has an average rating of “Buy” and an average target price of C$23.93.

The company has a market cap of $4.87 billion and a price-to-earnings ratio of 16.65. The firm has a 50 day moving average price of C$22.13 and a two-hundred day moving average price of C$21.71. The company has a quick ratio of 0.07, a current ratio of 0.93 and a debt-to-equity ratio of 117.75.

First Capital Realty (TSE:FCR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.36 earnings per share for the quarter, beating the consensus estimate of C$0.31 by C$0.05. The company had revenue of C$186.83 million during the quarter. On average, equities analysts expect that First Capital Realty Inc will post 1.8999998 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 17th will be paid a $0.215 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.86 annualized dividend and a dividend yield of 3.79%. First Capital Realty’s payout ratio is 63.10%.

About First Capital Realty (TSE:FCR)

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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