Altus Group Limited (TSE:AIF – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$46.43 and traded as high as C$51.40. Altus Group shares last traded at C$50.77, with a volume of 91,805 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have recently commented on AIF. Cormark upgraded shares of Altus Group from a “market perform” rating to a “buy” rating in a report on Friday, February 23rd. National Bankshares lifted their price objective on Altus Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research report on Thursday, April 18th. Canaccord Genuity Group lowered their price target on Altus Group from C$63.00 to C$59.00 and set a “buy” rating for the company in a report on Monday, January 29th. Scotiabank upped their price target on shares of Altus Group from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. Finally, CIBC lowered their price objective on shares of Altus Group from C$52.50 to C$51.00 and set a “neutral” rating for the company in a research note on Friday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$53.11.
Read Our Latest Stock Report on Altus Group
Altus Group Stock Down 2.8 %
Altus Group (TSE:AIF – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 EPS for the quarter, topping the consensus estimate of C$0.42 by C$0.04. The business had revenue of C$191.57 million for the quarter, compared to analysts’ expectations of C$192.55 million. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. On average, sell-side analysts predict that Altus Group Limited will post 2.0611995 earnings per share for the current year.
Altus Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. Altus Group’s dividend payout ratio (DPR) is 272.73%.
Insider Buying and Selling
In related news, Director Alex Probyn sold 11,087 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$51.84, for a total transaction of C$574,750.08. 4.05% of the stock is currently owned by company 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.
See Also
- Five stocks we like better than Altus Group
- Financial Services Stocks Investing
- MarketBeat Week in Review – 4/29 – 5/3
- The 3 Best Retail Stocks to Shop for in August
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- About the Markup Calculator
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Altus Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Group and related companies with MarketBeat.com's FREE daily email newsletter.