First Capital Realty (TSE:FCR) Stock Price Up 0.6% – Here’s Why

First Capital Realty Inc. (TSE:FCR)’s stock price shot up 0.6% during trading on Monday . The stock traded as high as C$20.95 and last traded at C$20.86. 3,044,888 shares traded hands during trading, an increase of 551% from the average session volume of 468,009 shares. The stock had previously closed at C$20.74.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FCR. Raymond James raised shares of First Capital Realty to a “moderate buy” rating in a report on Thursday, October 17th. Canaccord Genuity Group upgraded shares of First Capital Realty to a “strong-buy” rating in a research note on Monday, September 16th.

First Capital Realty Stock Up 0.6 %

The firm’s 50-day moving average is C$20.86.

First Capital Realty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.072 dividend. This represents a $0.86 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Thursday, October 31st.