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Firm Capital Mortgage Investment (FC-T) is a small mortgage lender with a relatively cheap stock and a high yield. However, the lack of growth in per share earnings over the past 15 years and its close tie to housing, rates, and the economy make it a higher-risk income option. Competitive pressures and potential economic downturns could further impact the stock. While there are no significant red flags, experts would prefer to see growth in the company.
He prefers the private space, because they are just getting the trend on how much you are receiving from the mortgages. You are getting a lot more ability, and pricewise it is about the same. Firm Capital is a well-run company.
A mortgage corp. They invest in mortgages, both commercial and residential. It is a very well run company that has a nice dividend. There is a potential for them to be impacted by the new mortgage rules if the housing market slows down.
Lending for real estate projects. As interest rates rise, there might be a slowdown in projects so could slow down business for this one. Maybe this real estate cycle is long in the tooth on the building side. He owns more REITs instead of the financing side.
High payout ratio, but more like a high yield bond. They pay out most of their profits. There is no capital appreciation but you get 9 or 10% payout during the year. The stock is not designed to go up. It goes up and down with the appetite for yield.
This would be among the best.Concientious management. Has had a little bit of a correction but feels that correction is based on interest rates, not anything that has gone on with the company.
This company doesn’t retain any of its profits. Pays out 100% of its profits in the form of dividends so the BV per share never grows. This is like a high-yield bond.
Firm Capital Mortgage Investment is a Canadian stock, trading under the symbol FC-T on the Toronto Stock Exchange (FC-CT). It is usually referred to as TSX:FC or FC-T
In the last year, there was no coverage of Firm Capital Mortgage Investment published on Stockchase.
Firm Capital Mortgage Investment was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Firm Capital Mortgage Investment.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Firm Capital Mortgage Investment In the last year. It is a trending stock that is worth watching.
On 2024-10-08, Firm Capital Mortgage Investment (FC-T) stock closed at a price of $11.45.
FC is a relatively small mortgage lender. The stock is cheap at 10X earnings, and it mostly trades for its 9.4% yield. The dividend has not been raised for at least 10 years, but it does pay fairly regular small special dividends annually. There has been esssentially no growth in per share earnings in 15 years, and its business is very closely tied to housing, rates, and the economy. With this, and with its small size, it should be consider higher-risk income, certainly. We do not really see any red flags other than these risks, but we would prefer to see growth. Competitive pressures have increased, and a recession or 'higher for longer' rates would not help the stock much. The stock has declined about 30% over the past decade. This has been offset by the dividend, but the stock could still drift lower, lowering net gains on the dividend.
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