Altus Group Limited Declares Quarterly Dividend of $0.15 (TSE:AIF)

Altus Group Limited (TSE:AIFGet Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.15 per share on Wednesday, January 15th. This represents a $0.60 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, December 31st.

Altus Group Trading Up 4.6 %

Shares of AIF stock traded up C$2.49 during trading hours on Friday, hitting C$56.61. 321,700 shares of the company were exchanged, compared to its average volume of 71,570. The company has a 50 day simple moving average of C$54.02 and a two-hundred day simple moving average of C$52.12. The firm has a market cap of C$2.61 billion, a P/E ratio of 943.50, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. Altus Group has a fifty-two week low of C$35.29 and a fifty-two week high of C$59.60.

Altus Group (TSE:AIFGet Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.23. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. The business had revenue of C$206.71 million during the quarter, compared to analysts’ expectations of C$132.50 million. Equities analysts anticipate that Altus Group will post 1.7263823 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on AIF shares. CIBC reduced their target price on Altus Group from C$53.00 to C$52.00 in a research note on Friday. Royal Bank of Canada raised their price objective on Altus Group from C$55.00 to C$56.00 in a research note on Friday. BMO Capital Markets lowered their target price on Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. Scotiabank reduced their price target on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a research report on Friday, August 9th. Finally, National Bankshares boosted their price target on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Altus Group currently has an average rating of “Hold” and a consensus target price of C$56.22.

View Our Latest Report on Altus Group

Insider Activity at Altus Group

In other news, Director William Brennan bought 500 shares of Altus Group stock in a transaction dated Tuesday, September 24th. The stock was purchased at an average price of C$54.48 per share, for a total transaction of C$27,240.00. In other Altus Group news, Director William Brennan bought 500 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average price of C$54.48 per share, for a total transaction of C$27,240.00. Also, Senior Officer Kimberly Carter sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total value of C$59,400.00. 4.05% of the stock is currently owned by insiders.

Altus Group Company Profile

(Get Free Report)

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

Dividend History for Altus Group (TSE:AIF)

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