Insider Buying: First Capital Realty Inc (FCR) Director Purchases C$47,835.00 in Stock

First Capital Realty Inc (TSE:FCR) Director Dori Segal bought 4,500 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of C$10.63 per share, with a total value of C$47,835.00. Following the purchase, the director now owns 64,500 shares of the company’s stock, valued at C$685,635.

FCR stock opened at C$20.90 on Monday. The company has a market cap of $5.03 billion and a P/E ratio of 15.24. First Capital Realty Inc has a fifty-two week low of C$18.28 and a fifty-two week high of C$22.17. The company has a debt-to-equity ratio of 87.53, a current ratio of 0.68 and a quick ratio of 0.12.

First Capital Realty (TSE:FCR) last posted its earnings results on Tuesday, February 12th. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.05). The company had revenue of C$184.59 million during the quarter. As a group, sell-side analysts anticipate that First Capital Realty Inc will post 2.14000025106148 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 22nd were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, April 11th. First Capital Realty’s dividend payout ratio is currently 31.36%.

Several research firms recently weighed in on FCR. Royal Bank of Canada boosted their target price on First Capital Realty from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. TD Securities boosted their target price on First Capital Realty from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. CIBC boosted their target price on First Capital Realty from C$22.00 to C$22.50 in a research note on Thursday, February 14th. Raymond James boosted their target price on First Capital Realty from C$22.00 to C$23.00 in a research note on Friday, February 15th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$23.00 target price on shares of First Capital Realty in a research note on Monday, February 11th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$23.75.

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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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