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

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $201.67.

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

Hedge Funds Weigh In On FirstService

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D increased its holdings in shares of FirstService by 121.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 8,380 shares of the financial services provider’s stock valued at $1,529,000 after purchasing an additional 4,595 shares during the last quarter. Metis Global Partners LLC acquired a new stake in shares of FirstService in the third quarter valued at approximately $227,000. Empowered Funds LLC increased its holdings in shares of FirstService by 24.8% in the third quarter. Empowered Funds LLC now owns 9,732 shares of the financial services provider’s stock valued at $1,776,000 after purchasing an additional 1,935 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of FirstService by 4.7% in the third quarter. Natixis Advisors LLC now owns 23,812 shares of the financial services provider’s stock valued at $4,345,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of FirstService by 0.8% in the third quarter. Swiss National Bank now owns 122,500 shares of the financial services provider’s stock valued at $22,418,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

FSV opened at $170.30 on Wednesday. The business has a fifty day moving average of $175.68 and a 200 day moving average of $181.66. FirstService has a 52-week low of $141.26 and a 52-week high of $197.84. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The stock has a market cap of $7.74 billion, a P/E ratio of 57.34 and a beta of 1.12.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.65%. This is an increase from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend 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.