Erin Joy Wallace Sells 4,425 Shares of FirstService Co. (TSE:FSV) Stock

FirstService Co. (TSE:FSV) (NASDAQ:FSV) Director Erin Joy Wallace sold 4,425 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of C$272.31, for a total value of C$1,204,982.02.

FirstService Stock Performance

Shares of FirstService stock opened at C$273.12 on Friday. The business’s fifty day simple moving average is C$257.08 and its 200-day simple moving average is C$232.33. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28. The firm has a market cap of C$12.30 billion, a PE ratio of 112.40, a price-to-earnings-growth 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$278.19.

FirstService Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a dividend of $0.337 per share. This represents a $1.35 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, September 27th. FirstService’s dividend payout ratio (DPR) is presently 55.56%.

Analyst Upgrades and Downgrades

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