Altus Group (TSE:AIF) PT Lowered to C$55.00 at TD Securities

Altus Group (TSE:AIF) had its price objective cut by TD Securities from C$59.00 to C$55.00 in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently weighed in on AIF. CIBC decreased their price objective on Altus Group from C$52.50 to C$51.00 and set a neutral rating on the stock in a report on Friday, May 3rd. National Bankshares boosted their price objective on Altus Group from C$50.00 to C$55.00 and gave the company a sector perform rating in a research report on Thursday, April 18th. BMO Capital Markets raised their target price on shares of Altus Group from C$48.00 to C$51.00 and gave the stock a market perform rating in a report on Friday, February 23rd. Scotiabank raised their price target on shares of Altus Group from C$48.00 to C$50.00 and gave the stock a sector perform rating in a report on Wednesday, January 31st. Finally, Canaccord Genuity Group dropped their target price on shares of Altus Group from C$63.00 to C$59.00 and set a buy rating for the company in a report on Monday, January 29th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Altus Group presently has an average rating of Hold and an average price target of C$53.56.

Altus Group Stock Up 0.7 %

AIF stock opened at C$48.19 on Tuesday. The stock has a 50-day simple moving average of C$50.68 and a two-hundred day simple moving average of C$46.49. Altus Group has a twelve month low of C$35.29 and a twelve month high of C$54.18. The firm has a market capitalization of C$2.20 billion, a PE ratio of 185.35, a PEG ratio of 0.96 and a beta of 0.79. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 62.20.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.09). Altus Group had a net margin of 1.60% and a return on equity of 2.06%. The business had revenue of C$199.54 million for the quarter, compared to the consensus estimate of C$198.85 million. On average, equities analysts predict that Altus Group will post 2.0016598 EPS for the current fiscal year.

Altus Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.60 annualized dividend and a yield of 1.25%. Altus Group’s dividend payout ratio (DPR) is 230.77%.

Insider Transactions at Altus Group

In related news, Director Alex Probyn sold 11,087 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$51.84, for a total value of C$574,750.08. Corporate insiders own 4.04% 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.