Altus Group Limited Plans Quarterly Dividend of $0.15 (TSE:AIF)

Altus Group Limited (TSE:AIF - Get Free Report) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, March 31st.

Altus Group Stock Up 0.8 %

TSE:AIF traded up C$0.43 during mid-day trading on Wednesday, reaching C$51.51. The stock had a trading volume of 55,400 shares, compared to its average volume of 92,195. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The company has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 901.33, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Altus Group has a 1-year low of C$46.09 and a 1-year high of C$61.09. The stock's 50 day simple moving average is C$55.12 and its two-hundred day simple moving average is C$55.41.

Insider Buying and Selling

In other news, Director William Brennan bought 22,156 shares of the firm's stock in a transaction on Monday, March 10th. The stock was purchased at an average price of C$52.09 per share, for a total transaction of C$1,154,106.04. Also, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$54.28, for a total transaction of C$135,700.00. 4.05% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Altus Group from C$56.00 to C$62.00 in a report on Friday, February 21st. CIBC lowered their target price on shares of Altus Group from C$60.00 to C$57.00 in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$57.44.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.