Altus Group Limited (TSE:AIF) Given Average Rating of "Hold" by Analysts

Altus Group Limited (TSE:AIF - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$56.22.

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

Insiders Place Their Bets

In related news, Director William Brennan sold 18,551 shares of Altus Group stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. Over the last 90 days, insiders have acquired 47,946 shares of company stock worth $2,731,899. Insiders own 4.05% of the company's stock.

Altus Group Trading Down 1.6 %

TSE:AIF traded down C$0.93 on Friday, reaching C$57.02. 57,500 shares of the stock traded hands, compared to its average volume of 74,737. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. Altus Group has a 1-year low of C$40.01 and a 1-year high of C$61.09. The company's 50 day moving average is C$55.97 and its 200-day moving average is C$53.44. The firm has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 950.33, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.05%. Altus Group's dividend payout ratio is 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.