FirstService Corp (TSE:FSV) (NASDAQ:FSV) announced a quarterly dividend on Wednesday, September 13th, Zacks reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.123 per share on Friday, October 6th. This represents a $0.49 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from FirstService Corp’s previous quarterly dividend of $0.10.
Shares of FirstService Corp (TSE:FSV) traded up 0.17% during trading on Friday, hitting $81.00. The company had a trading volume of 24,170 shares. FirstService Corp has a 52 week low of $52.28 and a 52 week high of $85.05. The company has a market capitalization of $2.91 billion and a P/E ratio of 64.80. The stock’s 50-day moving average price is $80.97 and its 200 day moving average price is $80.97.
A number of brokerages have weighed in on FSV. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$89.00 target price on shares of FirstService Corp in a research report on Thursday, July 27th. Scotiabank began coverage on FirstService Corp in a research report on Tuesday, May 30th. They set an “outperform” rating and a C$85.00 target price for the company. Raymond James Financial, Inc. lifted their target price on FirstService Corp to C$81.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$68.00 target price on shares of FirstService Corp in a research report on Thursday, July 27th. Finally, William Blair lowered FirstService Corp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. FirstService Corp presently has a consensus rating of “Hold” and a consensus target price of C$81.75.
In related news, insider Corporation Firstservice purchased 409 shares of FirstService Corp stock in a transaction dated Wednesday, September 6th. The stock was purchased at an average cost of C$69.40 per share, with a total value of C$28,384.60. Over the last three months, insiders bought 5,711 shares of company stock valued at $387,790.
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About FirstService Corp
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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