Firm Cap Mortgage Invest Receives a Hold from TD Securities

By Jason Carr

Wall Street analyst has provided a rating update for the Financial sector company yesterday, while remaining neutral on the stock. Analyst Sam Damiani from TD Securities rated Firm Cap Mortgage Invest (TSX: FC) a Hold, setting a C$13.50 price target.

According to TipRanks.com, Damiani is ranked #843 out of 4702 analysts.

Firm Cap Mortgage Invest has an analyst consensus of Hold, with a price target consensus of C$13.50.

Based on Firm Cap Mortgage Invest’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$10.92 million and quarterly net profit of C$5.9 million. In comparison, last year the company earned revenue of C$8.99 million and had a net profit of C$5.41 million.

Firm Capital Mortgage Investment Corp. engages in the provision of providing short term real estate finance. Its products and services include mortgage banking, real estate investments, special situation investments, and alternative credit. The company was founded on October 22, 2010 and is headquartered in Toronto, Canada.

The company’s shares closed on Monday at C$12.75.