Altus Group (TSE:AIF – Free Report) had its price objective raised by National Bankshares from C$50.00 to C$55.00 in a research note released on Thursday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.
Other analysts have also recently issued reports about the company. Scotiabank raised their target price on Altus Group from C$48.00 to C$50.00 and gave the company a sector perform rating in a research report on Wednesday, January 31st. Canaccord Genuity Group lowered their target price on Altus Group from C$63.00 to C$59.00 and set a buy rating on the stock in a research report on Monday, January 29th. CIBC raised their target price on Altus Group from C$51.50 to C$52.50 and gave the company a neutral rating in a research report on Friday, February 23rd. TD Securities raised their target price on Altus Group from C$52.00 to C$56.00 and gave the company a buy rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets raised their target price on Altus Group from C$48.00 to C$51.00 and gave the company a market perform rating in a research report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of C$53.28.
Check Out Our Latest Stock Analysis on AIF
Altus Group Trading Down 0.4 %
Altus Group (TSE:AIF – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.42 by C$0.04. The business had revenue of C$191.57 million for the quarter, compared to the consensus estimate of C$192.55 million. Altus Group had a return on equity of 1.70% and a net margin of 1.32%. Equities research analysts expect that Altus Group will post 2.0527987 EPS for the current year.
Altus Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, March 27th. Altus Group’s dividend payout ratio (DPR) is presently 272.73%.
Insider Activity
In related news, Director Alex Probyn sold 11,087 shares of Altus Group stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$51.84, for a total value of C$574,750.08. 0.07% of the stock is owned by insiders.
About Altus Group
Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.
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