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

Shares of Altus Group Limited (TSE:AIF) have been assigned an average rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$55.62.

Several analysts have commented on AIF shares. BMO Capital Markets upped their target price on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. National Bank Financial reduced their price target on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Finally, ATB Cormark Capital Markets lifted their price objective on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th.

Insider Activity

In related news, Director William Brennan bought 106,515 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of C$42.80 per share, for a total transaction of C$4,558,842.00. Following the transaction, the director owned 3,479,874 shares of the company’s stock, valued at C$148,938,607.20. This represents a 3.16% increase in their ownership of the stock. In the last three months, insiders bought 190,392 shares of company stock worth $8,052,187. 4.05% of the stock is currently owned by insiders.

Altus Group Stock Up 0.7%

Shares of TSE:AIF opened at C$47.59 on Friday. Altus Group has a one year low of C$36.97 and a one year high of C$63.07. The company has a 50 day moving average of C$44.35 and a 200-day moving average of C$47.21. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30. The stock has a market cap of C$1.70 billion, a price-to-earnings ratio of -2,379.50, a P/E/G ratio of 0.96 and a beta of 0.33.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. The business had revenue of C$108.23 million during the quarter. On average, sell-side analysts forecast that Altus Group will post 1.7263823 earnings per share for the current year.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Altus Group’s dividend payout ratio (DPR) is -3,000.00%.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.