Altus Group (TSE:AIF) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Altus Group Limited (TSE:AIF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$53.86 and traded as high as C$56.34. Altus Group shares last traded at C$56.34, with a volume of 9,217 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. CIBC lifted 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. National Bankshares increased their target price on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Finally, Royal Bank of Canada lifted their price target on Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Altus Group presently has an average rating of “Hold” and an average price target of C$57.11.

Altus Group Stock Up 0.0 %

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 firm has a market capitalization of C$2.59 billion, a PE ratio of 939.17, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The business has a 50-day moving average price of C$56.48 and a 200-day moving average price of C$53.97.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Insider Transactions at Altus Group

In other news, Director William Brennan purchased 1,227 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of C$56.43 per share, for a total transaction of C$69,239.61. Insiders have purchased a total of 48,973 shares of company stock worth $2,790,608 in the last quarter. Company insiders own 4.05% of the company’s stock.

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.