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 stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$262.70, for a total transaction 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 shares were sold at an average price of C$262.75, for a total transaction of C$420,400.00.

FirstService Trading Up 0.8 %

Shares of FirstService stock opened at C$260.03 on Wednesday. The firm’s 50 day moving average is C$252.20 and its 200 day moving average is C$228.75. The firm has a market capitalization of C$11.71 billion, a PE ratio of 106.11, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. FirstService Co. has a 1 year low of C$193.77 and a 1 year high of C$267.26. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28.

FirstService Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid a $0.337 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, September 27th. FirstService’s payout ratio is 55.56%.

Analyst Ratings Changes

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