Raymond James Has Strong Outlook for TSE:FCR FY2024 Earnings

First Capital Realty Inc. (TSE:FCR) – Stock analysts at Raymond James increased their FY2024 earnings per share (EPS) estimates for shares of First Capital Realty in a note issued to investors on Tuesday, October 29th. Raymond James analyst B. Sturges now anticipates that the company will post earnings of $1.33 per share for the year, up from their prior forecast of $1.31. Raymond James currently has a “Moderate Buy” rating on the stock. Raymond James also issued estimates for First Capital Realty’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $1.30 EPS.

Separately, Canaccord Genuity Group raised First Capital Realty to a “strong-buy” rating in a report on Monday, September 16th.

First Capital Realty Stock Performance

The company’s 50 day moving average price is C$20.86. First Capital Realty has a 52-week low of C$18.60 and a 52-week high of C$22.79.

First Capital Realty (TSE:FCR) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.23). The business had revenue of C$183.97 million for the quarter.

First Capital Realty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Thursday, October 31st.