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

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 Trading Down 2.8 %

Shares of Altus Group stock traded down C$1.42 during trading on Friday, hitting C$49.35. 457,168 shares of the company were exchanged, compared to its average volume of 80,053. The firm has a market capitalization of C$2.25 billion, a P/E ratio of 224.32, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The firm’s fifty day moving average price is C$51.27 and its 200 day moving average price is C$46.44. The company has a debt-to-equity ratio of 59.01, a current ratio of 1.39 and a quick ratio of 1.30. Altus Group has a 1-year low of C$35.29 and a 1-year high of C$54.18.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.46 EPS for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.04. The business had revenue of C$191.57 million during the quarter, compared to analysts’ expectations 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, sell-side analysts expect that Altus Group will post 2.0611995 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their price target on Altus Group from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a research 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. Cormark raised shares of Altus Group from a “market perform” rating to a “buy” rating in a research report on Friday, February 23rd. TD Securities raised their price objective on shares of Altus Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Canaccord Genuity Group reduced their target price on shares of 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 issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$53.11.

Insiders Place Their Bets

In other Altus Group news, Director Alex Probyn sold 11,087 shares of the business’s stock in a transaction that occurred 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. 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.