Analysts Set Altus Group Limited (TSE:AIF) PT at C$56.22

Shares of Altus Group Limited (TSE:AIF) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat 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 1 year price target among brokerages that have covered the stock in the last year is C$56.22.

Several research firms have recently issued reports on AIF. National Bankshares increased their price target on Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. CIBC decreased their price target on Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada increased their price target on Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th.

Altus Group Trading Down 0.5 %

TSE:AIF opened at C$56.76 on Friday. 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 cap of C$2.61 billion, a price-to-earnings ratio of 946.00, a PEG ratio of 0.96 and a beta of 0.82. The business has a fifty day moving average of C$56.01 and a 200-day moving average of C$53.54. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.06%. Altus Group’s dividend payout ratio (DPR) is 1,000.00%.

Insider Activity

In related news, Director William Brennan bought 500 shares of Altus Group stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average cost of C$54.48 per share, with a total value of C$27,240.00. Insiders bought a total of 47,946 shares of company stock worth $2,731,899 over the last 90 days. 4.05% of the stock is currently owned by company insiders.

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.