Altus Group (TSE:AIF) Downgraded to “Hold” Rating by Natl Bk Canada

Natl Bk Canada lowered shares of Altus Group (TSE:AIF) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

AIF has been the topic of a number of other research reports. BMO Capital Markets boosted their price target on Altus Group from C$56.00 to C$57.00 in a research note on Friday, November 21st. TD Securities lowered their target price on shares of Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a research note on Friday, November 7th. National Bankshares downgraded shares of Altus Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$74.00 to C$52.00 in a research report on Friday, November 7th. Cormark raised shares of Altus Group from a “hold” rating to a “buy” rating and raised their price target for the stock from C$61.00 to C$65.00 in a report on Friday, November 21st. Finally, Scotiabank lowered their price objective on shares of Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$59.29.

Altus Group Stock Down 0.1%

TSE AIF traded down C$0.07 on Tuesday, hitting C$55.24. The stock had a trading volume of 28,413 shares, compared to its average volume of 153,528. The business’s fifty day moving average price is C$56.02 and its 200 day moving average price is C$56.23. The stock has a market cap of C$2.39 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. Altus Group has a 52-week low of C$43.84 and a 52-week high of C$63.07.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.38 earnings per share for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.The firm had revenue of C$133.32 million during the quarter. Equities research analysts anticipate that Altus Group will post 1.7263823 earnings per share for the current year.

Altus Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. Altus Group’s dividend payout ratio (DPR) is currently 6.71%.

Insiders Place Their Bets

In related news, Director Michael Gordon acquired 10,290 shares of Altus Group stock in a transaction on Tuesday, November 11th. The stock was acquired at an average price of C$50.15 per share, for a total transaction of C$516,043.50. Following the purchase, the director owned 16,290 shares of the company’s stock, valued at approximately C$816,943.50. This represents a 171.50% increase in their position. Also, Director William Brennan acquired 4,119 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was bought at an average cost of C$48.85 per share, with a total value of C$201,213.15. Following the acquisition, the director owned 2,036,564 shares in the company, valued at approximately C$99,486,151.40. This trade represents a 0.20% increase in their ownership of the stock. Insiders bought 35,819 shares of company stock worth $1,784,067 in the last quarter. Company insiders own 4.05% of the company’s stock.

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.