FirstService Corp (TSE:FSV) (NASDAQ:FSV) insider Jay Steward Hennick sold 250,000 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of C$90.45, for a total transaction of C$22,612,500.00.
Shares of FirstService Corp (FSV) opened at C$91.32 on Tuesday. FirstService Corp has a fifty-two week low of C$77.07 and a fifty-two week high of C$94.73. The company has a market cap of $3,130.00 and a PE ratio of 51.59.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.166 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.73%. This is a positive change from FirstService’s previous quarterly dividend of $0.12. FirstService’s dividend payout ratio is currently 27.68%.
Several equities research analysts have recently weighed in on the stock. BMO Capital Markets set a C$75.00 target price on shares of FirstService and gave the stock a “market perform” rating in a report on Thursday, February 8th. William Blair reaffirmed a “market perform” rating on shares of FirstService in a report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of C$85.63.
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FirstService Company Profile
Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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