Altus Group Limited (TSE:AIF) to Issue $0.15 Quarterly Dividend

Altus Group Limited (TSE:AIF) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, March 31st.

Altus Group Stock Performance

Shares of AIF traded down C$0.97 on Friday, reaching C$51.10. 54,367 shares of the company’s stock traded hands, compared to its average volume of 93,049. The stock’s 50 day simple moving average is C$55.35 and its two-hundred day simple moving average is C$55.44. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. Altus Group has a 52-week low of C$46.09 and a 52-week high of C$61.09. The stock has a market cap of C$2.38 billion, a PE ratio of 894.16, a PEG ratio of 0.96 and a beta of 0.82.

Insider Transactions at Altus Group

In other news, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$54.28, for a total transaction of C$135,700.00. Also, Director William Brennan sold 11,150 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of C$55.45, for a total transaction of C$618,267.50. Corporate insiders own 4.05% of the company’s stock.

Wall Street Analyst Weigh In

AIF has been the topic of a number of recent analyst reports. CIBC cut their price target on shares of Altus Group from C$60.00 to C$57.00 in a report on Friday, February 21st. Royal Bank of Canada boosted their target price on shares of Altus Group from C$56.00 to C$62.00 in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$57.44.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.