Altus Group Limited (TSE:AIF) Given Average Recommendation of “Hold” by Analysts

Shares of Altus Group Limited (TSE:AIF) have received a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$57.11.

AIF has been the subject of a number of research analyst reports. National Bankshares boosted their target price on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. CIBC upped their target price on shares of Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada lifted their price target on shares of Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th.

Altus Group Stock Down 2.0 %

Shares of TSE:AIF opened at C$53.78 on Wednesday. The company has a market capitalization of C$2.48 billion, a PE ratio of 896.33, 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. The company’s fifty day moving average is C$56.73 and its 200-day moving average is C$54.58. Altus Group has a 52 week low of C$42.81 and a 52 week high of C$61.09.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Insider Buying and Selling

In related news, Director William Brennan acquired 15,320 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of C$57.35 per share, for a total transaction of C$878,602.00. In the last three months, insiders have acquired 48,973 shares of company stock valued at $2,790,608. 4.05% of the stock is owned by insiders.

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.