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

Altus Group Limited (TSE:AIF) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Sunday, June 30th will be given a dividend of 0.15 per share on Monday, July 15th. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, June 28th.

Altus Group Stock Down 2.8 %

Shares of TSE AIF traded down C$1.42 during mid-day trading on Friday, reaching C$49.35. 457,168 shares of the company’s stock were exchanged, compared to its average volume of 80,053. Altus Group has a twelve month low of C$35.29 and a twelve month high of C$54.18. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 59.01. The firm has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 224.32, a PEG ratio of 0.96 and a beta of 0.78. The business has a fifty day simple moving average of C$51.27 and a 200 day simple moving average of C$46.44.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, February 22nd. The company reported C$0.46 EPS for the quarter, topping the consensus estimate of C$0.42 by C$0.04. The firm had revenue of C$191.57 million for the quarter, compared to the consensus estimate 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 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on AIF. BMO Capital Markets increased their price objective on Altus Group from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. Scotiabank lifted their price target 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. National Bankshares increased their price objective on shares of Altus Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 18th. CIBC dropped their target price on Altus Group from C$52.50 to C$51.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Canaccord Genuity Group decreased 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 note on Monday, January 29th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$53.11.

Insider Transactions at Altus Group

In other Altus Group news, Director Alex Probyn sold 11,087 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was 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 corporate 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.