Altus Group (TSE:AIF) Shares Pass Above 200-Day Moving Average – What’s Next?

Altus Group Limited (TSE:AIF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$54.68 and traded as high as C$56.76. Altus Group shares last traded at C$55.62, with a volume of 83,750 shares trading hands.

Wall Street Analysts Forecast Growth

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

Altus Group Trading Up 1.0 %

The company’s 50 day moving average price is C$56.83 and its two-hundred day moving average price is C$54.68. The firm has a market cap of C$2.56 billion, a PE ratio of 927.00, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.08%. The ex-dividend date was Tuesday, December 31st. Altus Group’s payout ratio is currently 1,000.00%.

Insider Buying and Selling at Altus Group

In other news, Director William Brennan sold 11,150 shares of Altus Group stock in a transaction on Monday, December 30th. The stock was sold at an average price of C$55.45, for a total transaction of C$618,267.50. Insiders acquired 48,973 shares of company stock worth $2,790,608 over the last 90 days. Company insiders own 4.05% of the company’s stock.

Altus Group Company Profile

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.