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

Altus Group Limited (TSE:AIF) declared a quarterly dividend on Friday, September 27th, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.15 per share on Tuesday, October 15th. This represents a $0.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, September 27th.

Altus Group Price Performance

Shares of Altus Group stock opened at C$55.29 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. Altus Group has a 52 week low of C$35.29 and a 52 week high of C$59.60. The stock’s 50-day simple moving average is C$54.52 and its 200-day simple moving average is C$51.66. The company has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 921.50, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.23. The business had revenue of C$206.71 million during the quarter, compared to the consensus estimate of C$132.50 million. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. As a group, analysts expect that Altus Group will post 1.71104 earnings per share for the current fiscal year.

Insider Activity

In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total transaction of C$59,400.00. Insiders own 4.03% of the company’s stock.

Analysts Set New Price Targets

AIF has been the topic of a number of research reports. CIBC boosted their target price on shares of Altus Group from C$53.00 to C$54.00 in a report on Wednesday, July 10th. Cormark decreased their price objective on Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Canaccord Genuity Group dropped their price objective on shares of Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10th. National Bankshares lifted their price target on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Finally, BMO Capital Markets decreased their price objective on shares of Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Seven 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, the stock currently has an average rating of “Hold” and an average target price of C$56.33.

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.