Altus Group Limited (TSE:AIF) Given Average Recommendation of “Hold” by Brokerages

Altus Group Limited (TSE:AIF) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$57.11.

AIF has been the topic of several analyst reports. CIBC increased their price target on shares of Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a research report on Thursday. National Bankshares raised their target price on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Finally, Royal Bank of Canada boosted their price target on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th.

Altus Group Trading Up 0.5 %

Shares of Altus Group stock opened at C$56.21 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. Altus Group has a 12-month low of C$40.01 and a 12-month high of C$61.09. The company has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 936.83, a PEG ratio of 0.96 and a beta of 0.82. The firm’s 50-day moving average price is C$56.25 and its two-hundred day moving average price is C$53.69.

Altus Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s payout ratio is 1,000.00%.

Insider Buying and Selling

In other Altus Group news, Director William Brennan acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average price of C$54.48 per share, for a total transaction of C$27,240.00. Insiders have bought 49,173 shares of company stock worth $2,801,138 in the last 90 days. Insiders own 4.05% of the company’s stock.

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.