FirstService Co. (TSE:FSV) Senior Officer Sells C$1,313,500.00 in Stock

FirstService Co. (TSE:FSV) (NASDAQ:FSV) Senior Officer Douglas G. Cooke sold 5,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$262.70, for a total value of C$1,313,500.00.

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

• 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 value of C$420,400.00.

FirstService Stock Performance

FSV traded down C$1.88 on Monday, reaching C$260.22. 8,702 shares of the stock were exchanged, compared to its average volume of 74,749. The company’s 50-day moving average price is C$251.90 and its 200 day moving average price is C$228.39. FirstService Co. has a fifty-two week low of C$193.77 and a fifty-two week high of C$267.26. The company has a debt-to-equity ratio of 105.28, a current ratio of 1.74 and a quick ratio of 1.25. The firm has a market capitalization of C$11.72 billion, a PE ratio of 107.86, a PEG ratio of 107.75 and a beta of 0.96.

FirstService Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders 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 dividend on an annualized basis and a yield of 0.52%. FirstService’s dividend payout ratio is currently 55.56%.

Wall Street Analyst Weigh In

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

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. 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.