Shares of Altus Group Limited (TSE:AIF – Get Free Report) have received an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$53.11.
A number of research firms have weighed in on AIF. Canaccord Genuity Group reduced their price target on Altus Group from C$63.00 to C$59.00 and set a “buy” rating for the company in a research report on Monday, January 29th. CIBC decreased their price objective on Altus Group from C$52.50 to C$51.00 and set a “neutral” rating for the company in a report on Friday. Cormark upgraded Altus Group from a “market perform” rating to a “buy” rating in a report on Friday, February 23rd. TD Securities raised their price target on Altus Group from C$52.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Scotiabank raised their target price on shares of Altus Group from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st.
View Our Latest Research Report on AIF
Altus Group Stock Down 2.8 %
Altus Group (TSE:AIF – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share for the quarter, beating the consensus estimate of C$0.42 by C$0.04. The company had revenue of C$191.57 million during the quarter, compared to analysts’ expectations of C$192.55 million. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. As a group, equities analysts expect that Altus Group will post 2.0611995 earnings per share for the current year.
Altus Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. Altus Group’s dividend payout ratio (DPR) is presently 272.73%.
Insider Transactions at Altus Group
In related news, Director Alex Probyn sold 11,087 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$51.84, for a total transaction of C$574,750.08. 4.05% of the stock is currently owned by insiders.
Altus Group Company Profile
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.
See Also
- Five stocks we like better than Altus Group
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- MarketBeat Week in Review – 4/29 – 5/3
- Quiet Period Expirations Explained
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Using the MarketBeat Dividend Yield Calculator
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Altus Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Group and related companies with MarketBeat.com's FREE daily email newsletter.