Brokerages Set Altus Group Limited (TSE:AIF) PT at C$56.22

Altus Group Limited (TSE:AIF) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$56.22.

Several equities analysts recently issued reports on the company. CIBC decreased their price objective on Altus Group from C$53.00 to C$52.00 in a research report on Friday, November 8th. Royal Bank of Canada upped their price objective on Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. BMO Capital Markets decreased their target price on Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Scotiabank decreased their price objective on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th. Finally, Cormark decreased their price objective on Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a report on Friday, August 9th.

Insider Buying and Selling

In other news, Director William Brennan acquired 1,738 shares of Altus Group stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of C$57.30 per share, with a total value of C$99,587.40. Insiders acquired 40,446 shares of company stock valued at $2,302,536 over the last 90 days. Company insiders own 4.05% of the company’s stock.

Altus Group Price Performance

Shares of AIF stock opened at C$57.32 on Tuesday. The stock has a 50-day moving average price of C$54.44 and a 200 day moving average price of C$52.45. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13. The firm has a market cap of C$2.64 billion, a price-to-earnings ratio of 956.33, a PEG ratio of 0.96 and a beta of 0.82. Altus Group has a 12 month low of C$38.87 and a 12 month high of C$59.60.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.05%. Altus Group’s dividend payout ratio (DPR) 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.