Altus Group Limited (TSE:AIF) Receives Consensus Rating of “Hold” from Analysts

Altus Group Limited (TSE:AIF) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$57.11.

AIF has been the subject of several recent analyst reports. National Bankshares upped their target price on Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Royal Bank of Canada raised their price objective on Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. Finally, CIBC boosted their target price on Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th.

Insider Transactions at Altus Group

In other news, Director William Brennan purchased 15,320 shares of the stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of C$57.35 per share, for a total transaction of C$878,602.00. Over the last 90 days, insiders have acquired 48,973 shares of company stock worth $2,790,608. Company insiders own 4.05% of the company’s stock.

Altus Group Price Performance

Shares of TSE:AIF opened at C$53.78 on Wednesday. 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$2.48 billion, a PE ratio of 896.33, a PEG ratio of 0.96 and a beta of 0.82. The firm has a 50 day moving average of C$56.73 and a 200-day moving average of C$54.58. Altus Group has a 12 month low of C$42.81 and a 12 month high of C$61.09.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s payout ratio is currently 1,000.00%.

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.