Altus Group (TSE:AIF) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Altus Group Limited (TSE:AIF)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$53.86 and traded as high as C$56.34. Altus Group shares last traded at C$56.34, with a volume of 9,217 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. National Bankshares raised their price objective on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Royal Bank of Canada raised their target price on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. Finally, CIBC boosted their price target on Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$57.11.

Altus Group Stock Performance

The company has a 50 day moving average of C$56.41 and a 200 day moving average of C$53.86. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. The firm has a market cap of C$2.59 billion, a price-to-earnings ratio of 939.00, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is currently 1,000.00%.

Insider Transactions at Altus Group

In other Altus Group news, Director William Brennan bought 11,744 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of C$57.30 per share, with a total value of C$672,931.20. Over the last quarter, insiders purchased 48,673 shares of company stock valued at $2,773,898. 4.05% of the stock is currently owned by corporate insiders.

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.