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

Altus Group Limited (TSE:AIF - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.15 per share on Wednesday, January 15th. 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 Price Performance

Shares of Altus Group stock traded up C$2.49 during trading hours on Friday, hitting C$56.61. The company's stock had a trading volume of 321,700 shares, compared to its average volume of 71,570. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. Altus Group has a 12-month low of C$35.29 and a 12-month high of C$59.60. The business has a 50 day moving average price of C$54.02 and a two-hundred day moving average price of C$52.12. The company has a market cap of C$2.61 billion, a PE ratio of 943.50, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group (TSE:AIF - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.22 by C$0.23. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. The firm had revenue of C$206.71 million for the quarter, compared to analysts' expectations of C$132.50 million. Analysts expect that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Scotiabank cut their price objective on Altus Group from C$59.00 to C$51.00 and set a "sector perform" rating for the company in a research report on Friday, August 9th. TD Securities decreased their price objective on 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. Royal Bank of Canada raised their target price on shares of Altus Group from C$55.00 to C$56.00 in a report on Friday. Cormark decreased their price target on shares of Altus Group from C$63.00 to C$56.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. Finally, CIBC dropped their price objective on shares of Altus Group from C$53.00 to C$52.00 in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Altus Group has a consensus rating of "Hold" and an average price target of C$56.22.

Insiders Place Their Bets

In other news, Senior Officer Kimberly Carter sold 1,100 shares of Altus Group stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total value of C$59,400.00. In related news, Senior Officer Kimberly Carter sold 1,100 shares of the company's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total transaction of C$59,400.00. Also, Director William Brennan purchased 500 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of C$54.48 per share, for a total transaction of C$27,240.00. Company insiders own 4.05% of the company's stock.

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.