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

Altus Group Limited (TSE:AIF) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$56.22.

AIF has been the topic of several analyst reports. Scotiabank cut their price target on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada increased their price target on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. CIBC decreased their price target on Altus Group from C$53.00 to C$52.00 in a research note on Friday, November 8th. TD Securities cut their price objective on Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Cormark decreased their target price 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.

Insider Buying and Selling

In related news, Director William Brennan sold 18,551 shares of the business’s 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 acquired a total of 40,446 shares of company stock valued at $2,302,536 over the last three months. 4.05% of the stock is owned by company insiders.

Altus Group Stock Up 3.2 %

TSE AIF opened at C$59.62 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. Altus Group has a 52 week low of C$38.87 and a 52 week high of C$59.62. The firm has a market capitalization of C$2.74 billion, a price-to-earnings ratio of 993.67, a PEG ratio of 0.96 and a beta of 0.82. The company has a fifty day moving average of C$54.55 and a two-hundred day moving average of C$52.55.

Altus Group Announces Dividend

The company 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 of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. Altus Group’s payout ratio is currently 1,000.00%.

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.