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

Altus Group Limited (TSE:AIF) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, March 31st.

Altus Group Price Performance

Shares of TSE:AIF traded down C$0.97 during trading hours on Friday, hitting C$51.10. 54,367 shares of the company’s stock traded hands, compared to its average volume of 93,049. The company’s fifty day simple moving average is C$55.35 and its two-hundred day simple moving average is C$55.44. The company has a market cap of C$2.38 billion, a price-to-earnings ratio of 894.16, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. Altus Group has a 52 week low of C$46.09 and a 52 week high of C$61.09.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. CIBC lowered their price target on shares of Altus Group from C$60.00 to C$57.00 in a report on Friday, February 21st. Royal Bank of Canada lifted their price objective on Altus Group from C$56.00 to C$62.00 in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Altus Group presently has a consensus rating of “Hold” and an average price target of C$57.44.

Insider Transactions at Altus Group

In related news, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$54.28, for a total transaction of C$135,700.00. Also, Director William Brennan purchased 600 shares of Altus Group stock in a transaction dated Friday, March 21st. The shares were purchased at an average price of C$51.00 per share, for a total transaction of C$30,600.00. Insiders own 4.05% of the company’s stock.

Altus Group Company Profile

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.