Shares of Altus Group Limited (TSE:AIF – Get Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$49.26 and traded as high as C$52.51. Altus Group shares last traded at C$52.31, with a volume of 62,848 shares trading hands.
Analyst Ratings Changes
A number of analysts have recently commented on the company. TD Securities cut their price target on Altus Group from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research note on Thursday, May 5th. Cormark decreased their price objective on Altus Group from C$72.50 to C$65.00 and set a “market perform” rating for the company in a report on Thursday, May 5th. Stifel Nicolaus initiated coverage on Altus Group in a report on Wednesday, April 27th. They set a “buy” rating and a C$55.00 price objective for the company. BMO Capital Markets cut their target price on Altus Group from C$74.00 to C$67.00 in a research report on Thursday, May 5th. Finally, Royal Bank of Canada cut their target price on Altus Group from C$72.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Thursday, May 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Altus Group presently has an average rating of “Moderate Buy” and an average target price of C$64.00.
Altus Group Price Performance
The company has a market capitalization of C$2.33 billion and a PE ratio of 186.82. The firm has a fifty day moving average of C$46.95 and a two-hundred day moving average of C$49.26. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 67.14.
Altus Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, June 29th. Altus Group’s dividend payout ratio (DPR) is currently 214.29%.
Insiders Place Their Bets
In other news, Senior Officer Angelo Bartolini sold 3,100 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of C$43.58, for a total value of C$135,098.00. Following the completion of the transaction, the insider now owns 35,334 shares of the company’s stock, valued at approximately C$1,539,855.72. In other news, Senior Officer Angelo Bartolini sold 3,100 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of C$43.58, for a total value of C$135,098.00. Following the completion of the transaction, the insider now owns 35,334 shares of the company’s stock, valued at approximately C$1,539,855.72. Also, Senior Officer James Hannon bought 1,100 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was purchased at an average cost of C$31.97 per share, with a total value of C$35,167.00. Following the transaction, the insider now directly owns 3,000 shares in the company, valued at approximately C$95,910. In the last 90 days, insiders sold 6,040 shares of company stock worth $266,706.
About Altus Group
Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software.
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