Desjardins Has Optimistic Outlook of TSE:FCR FY2024 Earnings

First Capital Realty Inc. (TSE:FCR) – Investment analysts at Desjardins lifted their FY2024 earnings estimates for shares of First Capital Realty in a research note issued to investors on Tuesday, October 29th. Desjardins analyst L. Kalmar now anticipates that the company will earn $1.35 per share for the year, up from their prior forecast of $1.31.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group raised shares of First Capital Realty to a “strong-buy” rating in a report on Monday, September 16th. Raymond James raised shares of First Capital Realty to a “moderate buy” rating in a report on Thursday, October 17th.

First Capital Realty Price Performance

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

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

First Capital Realty Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid 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 of this dividend is Thursday, October 31st.