FirstService Co. (NASDAQ:FSV) Receives $201.67 Consensus PT from Brokerages

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $203.33.

Several research analysts have recently issued reports on the company. Scotiabank decreased their target price on FirstService from $217.50 to $210.00 and set a “sector perform” rating for the company in a research report on Thursday. Raymond James raised their price objective on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, StockNews.com downgraded shares of FirstService from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th.

Hedge Funds Weigh In On FirstService

A number of hedge funds have recently bought and sold shares of FSV. Versant Capital Management Inc purchased a new position in FirstService in the fourth quarter worth about $29,000. Trust Co. of Vermont bought a new stake in shares of FirstService during the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB bought a new stake in shares of FirstService during the third quarter valued at approximately $53,000. Natixis raised its holdings in FirstService by 5,511.1% in the 4th quarter. Natixis now owns 505 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 496 shares during the last quarter. Finally, State of Wyoming bought a new position in FirstService in the 4th quarter valued at approximately $101,000. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Performance

Shares of FSV opened at $172.03 on Friday. The company has a 50-day simple moving average of $170.12 and a two-hundred day simple moving average of $179.81. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The firm has a market capitalization of $7.82 billion, a PE ratio of 57.92 and a beta of 1.04. FirstService has a one year low of $141.26 and a one year high of $197.84.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were issued a dividend of $0.275 per share. The ex-dividend date was Monday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 0.64%. FirstService’s dividend payout ratio (DPR) is presently 37.04%.

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.