Altus Group (TSE:AIF) Shares Pass Above 200-Day Moving Average – Should You Sell?

Altus Group Limited (TSE:AIF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$53.86 and traded as high as C$56.34. Altus Group shares last traded at C$56.34, with a volume of 9,217 shares traded.

Analyst Ratings Changes

AIF has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on shares of Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. National Bankshares increased their price target on shares of Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Finally, CIBC lifted their price objective on Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$57.11.

Altus Group Stock Performance

The stock has a market cap of C$2.59 billion, a price-to-earnings ratio of 939.00, 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 current ratio of 1.41 and a quick ratio of 1.30. The stock’s 50-day moving average is C$56.41 and its 200-day moving average is C$53.86.

Altus Group Dividend Announcement

The firm 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. This represents a $0.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is 1,000.00%.

Insider Activity

In related news, Director William Brennan purchased 1,227 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of C$56.43 per share, for a total transaction of C$69,239.61. Insiders acquired a total of 48,673 shares of company stock valued at $2,773,898 over the last quarter. Company insiders own 4.05% of the company’s stock.

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.