Erin Joy Wallace Sells 1,360 Shares of FirstService Co. (TSE:FSV) Stock

FirstService Co. (TSE:FSV) (NASDAQ:FSV) Director Erin Joy Wallace sold 1,360 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of C$147.94, for a total transaction of C$201,198.67.

FirstService Stock Down 0.5 %

FSV stock opened at C$197.71 on Wednesday. The company has a market cap of C$8.82 billion, a price-to-earnings ratio of 48.34, a P/E/G ratio of 107.75 and a beta of 0.96. The company has a debt-to-equity ratio of 79.23, a quick ratio of 1.25 and a current ratio of 1.84. The business’s 50-day moving average is C$200.24 and its two-hundred day moving average is C$200.09. FirstService Co. has a fifty-two week low of C$160.72 and a fifty-two week high of C$214.00.

FirstService Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, September 29th were paid a $0.304 dividend. This represents a $1.22 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, September 28th. FirstService’s dividend payout ratio (DPR) is presently 30.07%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their target price on shares of FirstService from C$173.00 to C$178.00 and gave the company an “outperform” rating in a research note on Friday, October 27th.

About FirstService

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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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.