First Capital Realty (FCR) Stock Rating Reaffirmed by BMO Capital Markets

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BMO Capital Markets restated their outperform rating on shares of First Capital Realty (TSE:FCR) in a report published on Monday. The brokerage currently has a C$23.00 price objective on the stock.

Separately, Raymond James downgraded First Capital Realty from a strong-buy rating to an outperform rating and reduced their target price for the company from C$23.00 to C$22.00 in a report on Thursday, November 8th.

Shares of TSE:FCR opened at C$21.69 on Monday. The company has a market cap of $5.37 billion and a P/E ratio of 15.21. First Capital Realty has a 1 year low of C$18.28 and a 1 year high of C$21.78. The company has a debt-to-equity ratio of 85.25, a quick ratio of 0.10 and a current ratio of 0.63.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 17th. Shareholders of record on Thursday, January 17th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, December 27th. First Capital Realty’s dividend payout ratio is presently 30.15%.

In other First Capital Realty news, Director Kay Brekken sold 6,240 shares of the firm’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of C$20.02, for a total value of C$124,924.80.

First Capital Realty Company Profile

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. Its property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. The company also offers other professional and personal services.

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