Altus Group (TSE:AIF) Stock Passes Above 200 Day Moving Average - Here's What Happened

Shares of Altus Group Limited (TSE:AIF - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$55.42 and traded as high as C$59.76. Altus Group shares last traded at C$59.35, with a volume of 85,656 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. CIBC upped their price objective on shares of Altus Group from C$52.00 to C$60.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Altus Group currently has an average rating of "Hold" and an average price target of C$57.11.

Altus Group Stock Up 0.9 %

The company has a market cap of C$2.76 billion, a price-to-earnings ratio of 999.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The stock's fifty day moving average is C$57.13 and its two-hundred day moving average is C$55.55.

Altus Group (TSE:AIF - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.23 by C($0.04). Altus Group had a return on equity of 0.48% and a net margin of 0.37%. During the same period in the previous year, the company earned $0.33 earnings per share. Sell-side analysts predict that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Altus Group's payout ratio is 1,000.00%.

Insider Buying and Selling

In related news, Director William Brennan sold 11,150 shares of the business's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of C$55.45, for a total value of C$618,267.50. Over the last ninety days, insiders have bought 48,973 shares of company stock worth $2,790,608. 4.05% of the stock is owned by insiders.

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.