FirstService Co. (NASDAQ:FSV – Get Free Report) (TSE:FSV) has been assigned an average rating of “Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is $177.29.
Several brokerages have issued reports on FSV. BMO Capital Markets cut their price objective on FirstService from $196.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. TheStreet downgraded FirstService from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Scotiabank lifted their price objective on FirstService from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Wednesday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $187.00 price objective on shares of FirstService in a research report on Wednesday, February 7th. Finally, Raymond James lifted their price objective on FirstService from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, January 26th.
FirstService Price Performance
FirstService Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 29th will be paid a $0.25 dividend. This is a boost from FirstService’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, March 27th. FirstService’s dividend payout ratio (DPR) is 40.18%.
Institutional Investors Weigh In On FirstService
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC acquired a new position in FirstService in the second quarter valued at about $247,000. Financiere des Professionnels Fonds d investissement inc. acquired a new position in FirstService in the third quarter valued at about $2,048,000. Mackenzie Financial Corp grew its stake in FirstService by 17.4% in the third quarter. Mackenzie Financial Corp now owns 2,364,766 shares of the financial services provider’s stock valued at $334,631,000 after acquiring an additional 349,894 shares during the period. ARS Wealth Advisors Group LLC acquired a new position in FirstService in the third quarter valued at about $3,178,000. Finally, Genus Capital Management Inc. bought a new stake in shares of FirstService in the third quarter valued at about $1,359,000. 69.49% of the stock is owned by institutional investors and hedge funds.
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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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.
- Five stocks we like better than FirstService
- 3 Best Fintech Stocks for a Portfolio Boost
- 3 attractive stocks that insiders are buying
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- How to Start Investing in Real Estate
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for FirstService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstService and related companies with MarketBeat.com's FREE daily email newsletter.