Altus Group Limited (TSE:AIF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Altus Group Limited (TSE:AIF) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$56.22.

A number of equities research analysts have recently issued reports on AIF shares. National Bankshares boosted their price objective on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Royal Bank of Canada boosted their price target on Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. Finally, CIBC reduced their target price on shares of Altus Group from C$53.00 to C$52.00 in a research report on Friday, November 8th.

Insider Buying and Selling

In related news, Director William Brennan sold 18,551 shares of Altus Group stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total value of C$1,026,241.32. Insiders bought 47,946 shares of company stock valued at $2,731,899 over the last quarter. 4.05% of the stock is owned by company insiders.

Altus Group Stock Performance

TSE AIF opened at C$57.02 on Friday. The stock has a market cap of C$2.63 billion, a PE ratio of 950.33, 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 firm has a 50-day moving average of C$55.97 and a 200-day moving average of C$53.40. Altus Group has a 52-week low of C$40.01 and a 52-week high of C$61.09.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

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.