FirstService Co. (TSE:FSV) Senior Officer Sells C$784,500.00 in Stock

FirstService Co. (TSE:FSV) (NASDAQ:FSV) Senior Officer Douglas G. Cooke sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$261.50, for a total value of C$784,500.00.

Douglas G. Cooke also recently made the following trade(s):

• On Friday, November 15th, Douglas G. Cooke sold 5,000 shares of FirstService stock. The shares were sold at an average price of C$262.70, for a total transaction of C$1,313,500.00.
• On Wednesday, November 13th, Douglas G. Cooke sold 1,600 shares of FirstService stock. The stock was sold at an average price of C$262.75, for a total transaction of C$420,400.00.

FirstService Trading Up 0.3 %

FSV opened at C$268.86 on Friday. The stock has a market capitalization of C$12.10 billion, a price-to-earnings ratio of 110.64, a P/E/G ratio of 107.75 and a beta of 0.96. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28. FirstService Co. has a twelve month low of C$193.77 and a twelve month high of C$270.12. The company has a 50-day simple moving average of C$254.09 and a 200 day simple moving average of C$230.02.

FirstService Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a dividend of $0.337 per share. The ex-dividend date was Friday, September 27th. This represents a $1.35 annualized dividend and a dividend yield of 0.50%. FirstService’s dividend payout ratio is 55.56%.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on shares of FirstService from C$182.00 to C$194.00 and gave the stock a “hold” rating in a report 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.