Altus Group Limited (AIF) To Go Ex-Dividend on December 31st

Altus Group Limited (TSE:AIF) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.15 per share on Wednesday, January 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, December 31st.

Altus Group Stock Up 0.0 %

TSE AIF opened at C$56.35 on Friday. The stock has a 50 day moving average price of C$56.48 and a 200-day moving average price of C$54.02. Altus Group has a one year low of C$40.01 and a one year high of C$61.09. The company has a market capitalization of C$2.59 billion, a P/E ratio of 939.17, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director William Brennan bought 1,227 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average cost of C$56.43 per share, for a total transaction of C$69,239.61. Insiders have acquired a total of 48,973 shares of company stock worth $2,790,608 over the last quarter. Company insiders own 4.05% of the company’s stock.

Altus Group Company Profile

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.