Shares of Firm Capital Mortgage Investment Co. (TSE:FC – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.12 and traded as high as C$11.65. Firm Capital Mortgage Investment shares last traded at C$11.59, with a volume of 13,591 shares changing hands.
Analyst Ratings Changes
Separately, TD Securities boosted their target price on shares of Firm Capital Mortgage Investment from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Monday, March 25th.
Check Out Our Latest Research Report on Firm Capital Mortgage Investment
Firm Capital Mortgage Investment Trading Up 1.0 %
Firm Capital Mortgage Investment (TSE:FC – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.25 earnings per share for the quarter. Firm Capital Mortgage Investment had a net margin of 73.49% and a return on equity of 8.56%. The firm had revenue of C$16.29 million for the quarter. Equities analysts anticipate that Firm Capital Mortgage Investment Co. will post 1.0308989 earnings per share for the current year.
Firm Capital Mortgage Investment Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.078 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.94 annualized dividend and a dividend yield of 8.08%. Firm Capital Mortgage Investment’s dividend payout ratio is currently 95.92%.
About Firm Capital Mortgage Investment
Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments.
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