Brokerages Set FirstService Co. (NASDAQ:FSV) PT at $201.67

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $201.67.

FSV has been the topic of several recent analyst reports. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Raymond James lifted their price target on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th.

Institutional Trading of FirstService

A number of institutional investors and hedge funds have recently modified their holdings of the company. Berry Wealth Group LP increased its position in shares of FirstService by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 91 shares during the period. Signaturefd LLC grew its position in FirstService by 7.5% in the fourth quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 95 shares during the period. HighTower Advisors LLC grew its position in FirstService by 3.5% in the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 98 shares during the period. Stifel Financial Corp grew its position in FirstService by 0.5% in the fourth quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider’s stock valued at $3,838,000 after acquiring an additional 102 shares during the period. Finally, Raymond James Trust N.A. grew its position in FirstService by 3.2% in the third quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 110 shares during the period. 69.35% of the stock is currently owned by institutional investors.

FirstService Stock Up 0.3 %

Shares of FSV stock opened at $170.30 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The stock’s 50 day simple moving average is $175.68 and its 200 day simple moving average is $181.70. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 57.34 and a beta of 1.12. FirstService has a twelve month low of $141.26 and a twelve month high of $197.84.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be given a dividend of $0.275 per share. The ex-dividend date is Monday, March 31st. This is a boost from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.65%. FirstService’s payout ratio is currently 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.