FirstService Co. (TSE:FSV) Senior Officer Sells C$420,400.00 in Stock

FirstService Co. (TSE:FSV) (NASDAQ:FSV) Senior Officer Douglas G. Cooke sold 1,600 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$262.75, for a total value of C$420,400.00.

FirstService Price Performance

TSE:FSV traded up C$0.33 during trading hours on Thursday, hitting C$262.49. 13,066 shares of the stock were exchanged, compared to its average volume of 74,472. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28. The firm’s fifty day moving average price is C$251.09 and its 200 day moving average price is C$227.37. The company has a market cap of C$11.82 billion, a P/E ratio of 107.88, a P/E/G ratio of 107.75 and a beta of 0.96. FirstService Co. has a 52-week low of C$193.77 and a 52-week high of C$267.26.

FirstService Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a dividend of $0.337 per share. The ex-dividend date was Friday, September 27th. This represents a $1.35 annualized dividend and a yield of 0.51%. FirstService’s payout ratio is 55.56%.

Wall Street Analysts Forecast Growth

Separately, TD Securities upped their price target on FirstService from C$182.00 to C$194.00 and gave the stock a “hold” rating in a research note on Monday, October 28th.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.