Altus Group Limited (TSE:AIF) Given Consensus Recommendation of “Hold” by Brokerages

Altus Group Limited (TSE:AIF) has received an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$56.22.

Several brokerages recently commented on AIF. CIBC cut their target price on Altus Group from C$53.00 to C$52.00 in a research report on Friday, November 8th. National Bankshares lifted their price objective on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. TD Securities dropped their target price on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets reduced their price target on shares of Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. Finally, Scotiabank decreased their price target on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a research note on Friday, August 9th.

Altus Group Stock Performance

Shares of AIF opened at C$57.75 on Tuesday. The firm’s fifty day simple moving average is C$54.55 and its two-hundred day simple moving average is C$52.55. Altus Group has a 12 month low of C$38.87 and a 12 month high of C$59.60. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The stock has a market capitalization of C$2.66 billion, a P/E ratio of 962.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s dividend payout ratio is currently 1,000.00%.

Insider Transactions at Altus Group

In related news, Director William Brennan bought 1,738 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of C$57.30 per share, for a total transaction of C$99,587.40. Insiders acquired a total of 40,446 shares of company stock valued at $2,302,536 over the last three months. Corporate 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.