Altus Group Limited (TSE:AIF) Receives Average Rating of “Hold” from Analysts

Altus Group Limited (TSE:AIF) has been given an average rating of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$56.22.

Several equities analysts have commented on the stock. National Bankshares raised their price target on shares of Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. CIBC decreased their price objective on Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada raised their target price on shares of Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th.

Insider Activity at Altus Group

In related news, Director William Brennan sold 18,551 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. Insiders purchased a total of 49,173 shares of company stock valued at $2,801,138 over the last ninety days. Insiders own 4.05% of the company’s stock.

Altus Group Stock Down 1.7 %

Shares of AIF opened at C$55.91 on Friday. The company’s 50-day simple moving average is C$56.07 and its 200-day simple moving average is C$53.56. 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 1 year low of C$40.01 and a 1 year high of C$61.09. The stock has a market capitalization of C$2.57 billion, a PE ratio of 931.83, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given 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 dividend payout ratio (DPR) is 1,000.00%.

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.