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

Altus Group Limited (TSE:AIF) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Sunday, June 30th will be paid a dividend of 0.15 per share on Monday, July 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, June 28th.

Altus Group Price Performance

Shares of TSE:AIF opened at C$48.00 on Thursday. Altus Group has a 1-year low of C$35.29 and a 1-year high of C$54.18. The firm has a market capitalization of C$2.19 billion, a PE ratio of 177.78, a PEG ratio of 0.96 and a beta of 0.79. The business’s 50 day moving average is C$48.62 and its 200-day moving average is C$47.64. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 62.20.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.42 by C($0.09). The firm had revenue of C$199.54 million for the quarter, compared to analyst estimates of C$198.85 million. Altus Group had a return on equity of 2.06% and a net margin of 1.60%. Sell-side analysts predict that Altus Group will post 1.9806823 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AIF has been the topic of several recent analyst reports. TD Securities decreased their price target on Altus Group from C$59.00 to C$55.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Scotiabank boosted their price target on Altus Group from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 21st. CIBC boosted their price target on Altus Group from C$51.00 to C$53.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, National Bankshares boosted their price target on Altus Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$53.56.

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.