Brokers Set Expectations for First Capital Realty Inc’s Q4 2018 Earnings (FCR)
First Capital Realty Inc (TSE:FCR) – Analysts at Raymond James decreased their Q4 2018 earnings per share (EPS) estimates for First Capital Realty in a report issued on Wednesday, November 7th. Raymond James analyst K. Avalos now expects that the company will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.31. Raymond James has a “Outperform” rating and a $22.00 price target on the stock. Raymond James also issued estimates for First Capital Realty’s Q1 2019 earnings at $0.30 EPS and Q2 2019 earnings at $0.31 EPS.
Separately, National Bank Financial cut First Capital Realty from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$22.75 to C$21.00 in a research report on Wednesday, August 22nd.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Wednesday, October 17th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Thursday, September 27th. First Capital Realty’s dividend payout ratio is presently 34.62%.
About First Capital Realty
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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