Altus Group (TSE:AIF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Altus Group Limited (TSE:AIF)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$54.42 and traded as high as C$55.35. Altus Group shares last traded at C$54.50, with a volume of 79,611 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AIF shares. CIBC upped their price target on 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. Royal Bank of Canada lifted their price target on Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. Finally, National Bankshares boosted their price target on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$57.11.

Altus Group Stock Performance

The company’s fifty day moving average is C$56.68 and its 200 day moving average is C$54.43. 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 company has a market cap of C$2.53 billion, a P/E ratio of 914.67, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Insider Buying and Selling

In related news, Director William Brennan sold 11,150 shares of the business’s stock in a transaction dated 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 have purchased a total of 48,973 shares of company stock worth $2,790,608 in the last ninety days. 4.05% of the stock is owned by insiders.

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.