Raymond James lowered shares of First Capital Realty (TSE:FCR) from a strong-buy rating to a market perform rating in a research report sent to investors on Monday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on FCR. TD Securities lifted their price objective on First Capital Realty from C$24.00 to C$26.00 and gave the company a buy rating in a research note on Saturday, April 13th. National Bank Financial lifted their price objective on Yamana Gold from C$3.75 to C$4.00 and gave the company a sector perform rating in a research note on Friday, May 10th. Royal Bank of Canada set a GBX 5,200 ($67.95) price objective on London Stock Exchange Group and gave the company a buy rating in a research note on Wednesday, April 24th. Finally, CIBC lifted their price objective on First Capital Realty from C$22.50 to C$23.00 in a research note on Saturday, April 13th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$23.75.

TSE:FCR opened at C$22.01 on Monday. First Capital Realty has a 52 week low of C$18.28 and a 52 week high of C$22.49. The company has a debt-to-equity ratio of 86.66, a current ratio of 1.09 and a quick ratio of 0.08. The stock has a market capitalization of $5.32 billion and a P/E ratio of 16.43. The company has a fifty day simple moving average of C$21.95.

First Capital Realty (TSE:FCR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.31 by C($0.07). The firm had revenue of C$194.67 million during the quarter. Equities analysts expect that First Capital Realty will post 1.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, July 18th were paid a $0.215 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.91%. First Capital Realty’s payout ratio is presently 48.13%.

In other news, Director Dori Segal acquired 2,500 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of C$10.60 per share, with a total value of C$26,500.00. Following the completion of the purchase, the director now owns 67,000 shares of the company’s stock, valued at approximately C$710,200. Insiders bought 12,000 shares of company stock valued at $126,905 over the last ninety days.

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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