Altus Group Ltd (TSE:AIF) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.15 per share on Tuesday, October 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, September 27th.
AIF traded up C$0.52 during trading on Friday, hitting C$39.81. The company had a trading volume of 129,900 shares, compared to its average volume of 82,425. The company has a market capitalization of $1.52 billion and a PE ratio of -428.06. Altus Group has a one year low of C$21.67 and a one year high of C$40.29. The firm’s 50-day moving average price is C$38.64 and its 200 day moving average price is C$32.74. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 64.50.
Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.35 by C$0.17. The business had revenue of C$153.65 million during the quarter, compared to analyst estimates of C$147.25 million. Sell-side analysts forecast that Altus Group will post 1.5700001 earnings per share for the current year.
In other Altus Group news, Director Robert G. Courteau sold 41,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$37.87, for a total value of C$1,562,050.88. Following the completion of the transaction, the director now directly owns 143,423 shares in the company, valued at approximately C$5,431,127.82. Also, Director Alex Probyn sold 8,488 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$38.15, for a total transaction of C$323,817.20. Following the completion of the transaction, the director now owns 33,107 shares of the company’s stock, valued at C$1,263,032.05.
Several equities research analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of Altus Group from C$33.00 to C$38.00 in a research note on Friday, August 9th. CIBC boosted their price objective on shares of Altus Group from C$23.00 to C$26.00 in a research note on Wednesday, June 19th. Canaccord Genuity boosted their price objective on shares of Altus Group from C$33.00 to C$34.00 in a research note on Thursday, June 27th. National Bank Financial boosted their price objective on shares of Altus Group from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Cormark downgraded shares of Altus Group from a “buy” rating to a “market perform” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$36.00.
Altus Group Company Profile
Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.
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