Altus Group (TSE:AIF) Hits New 1-Year High – Here’s What Happened

Altus Group Limited (TSE:AIF)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$60.31 and last traded at C$60.31, with a volume of 52391 shares trading hands. The stock had previously closed at C$59.52.

Analysts Set New Price Targets

A number of brokerages have recently commented on AIF. Royal Bank of Canada boosted their target price on shares of Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. TD Securities dropped their price target on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Cormark reduced their price objective on Altus Group from C$63.00 to C$56.00 and set a “hold” rating for the company in a research report on Friday, August 9th. BMO Capital Markets decreased their target price on Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Finally, CIBC lowered their target price on shares of Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$56.22.

Altus Group Stock Up 1.0 %

The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. The business’s 50-day moving average is C$55.06 and its two-hundred day moving average is C$52.79. The stock has a market capitalization of C$2.77 billion, a price-to-earnings ratio of 1,006.67, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.00%. Altus Group’s dividend payout ratio (DPR) is currently 1,000.00%.

Insider Buying and Selling at Altus Group

In other news, Director William Brennan bought 500 shares of Altus Group stock in a transaction that occurred on Tuesday, September 24th. The shares were purchased at an average price of C$54.48 per share, with a total value of C$27,240.00. Insiders have bought a total of 40,489 shares of company stock valued at $2,305,015 over the last quarter. 4.05% of the stock is 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.