Firm Capital Mortgage Investment Corp (TSE:FC)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.53 and traded as low as $13.75. Firm Capital Mortgage Investment shares last traded at $13.77, with a volume of 34,579 shares.
Separately, TD Securities raised their price target on Firm Capital Mortgage Investment from C$13.50 to C$14.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th.
The company has a debt-to-equity ratio of 71.17, a current ratio of 6.32 and a quick ratio of 6.31. The firm has a 50-day simple moving average of C$13.75 and a two-hundred day simple moving average of C$13.53. The company has a market cap of $387.88 million and a PE ratio of 14.19.
Firm Capital Mortgage Investment (TSE:FC) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.24 earnings per share for the quarter, hitting the consensus estimate of C$0.24. The company had revenue of C$12.21 million for the quarter. Equities research analysts forecast that Firm Capital Mortgage Investment Corp will post 0.75 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be given a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a yield of 6.78%. The ex-dividend date is Thursday, August 29th. Firm Capital Mortgage Investment’s payout ratio is 96.40%.
About Firm Capital Mortgage Investment (TSE:FC)
Firm Capital Mortgage Investment Corporation, through its mortgage banker Firm Capital Corporation, provides residential and commercial real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company offers mortgage services, such as real estate financing, real estate investment financing, capital market services, and loan servicing and advisory services; lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situations loans; and various types of lending facilities to mortgage brokers.
Further Reading: The limitations of an equal weight rating
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