Firm Capital Mortgage Investment (TSE:FC) Stock Gets Price Target Trim from TD

Firm Capital Mortgage Investment (TSE:FC) had its price target trimmed by TD from C$13.00 to C$12.50 in a report published on Wednesday,BayStreet reports. The firm currently has a buy rating on the stock.

Separately, National Bank Financial set a C$12.00 price target on shares of Firm Capital Mortgage Investment and gave the stock an “outperform” rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$12.25.

Firm Capital Mortgage Investment Stock Performance

Shares of Firm Capital Mortgage Investment stock opened at C$10.91 on Wednesday. The stock has a market capitalization of C$400.83 million, a price-to-earnings ratio of 11.48 and a beta of 0.59. The company has a debt-to-equity ratio of 34.45, a current ratio of 0.14 and a quick ratio of 17.11. The business has a 50-day moving average of C$11.49 and a 200 day moving average of C$11.85. Firm Capital Mortgage Investment has a 12 month low of C$10.60 and a 12 month high of C$12.46.

Firm Capital Mortgage Investment (TSE:FC) last released its earnings results on Thursday, August 13th. The company reported C$0.23 EPS for the quarter. Firm Capital Mortgage Investment had a return on equity of 8.24% and a net margin of 57.32%. The firm had revenue of C$13.56 million during the quarter. As a group, sell-side analysts forecast that Firm Capital Mortgage Investment will post 1.07 earnings per share for the current year.

Firm Capital Mortgage Investment Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a dividend of $0.0780 per share. The ex-dividend date was Friday, July 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.6%. Firm Capital Mortgage Investment’s payout ratio is presently 98.53%.

Firm Capital Mortgage Investment Company Profile

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors.