Altus Group Limited (AIF) to Issue Quarterly Dividend of $0.15 on April 15th

Altus Group Limited (TSE:AIFGet Free Report) declared a quarterly dividend on Thursday, February 22nd, Zacks reports. Shareholders of record on Sunday, March 31st will be given a dividend of 0.15 per share on Monday, April 15th. This represents a $0.60 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, March 27th.

Altus Group Trading Down 0.5 %

Shares of AIF opened at C$51.37 on Monday. The company has a debt-to-equity ratio of 59.01, a current ratio of 1.39 and a quick ratio of 1.30. Altus Group has a 1-year low of C$35.29 and a 1-year high of C$58.60. The stock has a market cap of C$2.34 billion, a price-to-earnings ratio of 233.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The firm has a 50 day simple moving average of C$47.61 and a 200-day simple moving average of C$46.00.

Altus Group (TSE:AIFGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.42 by C$0.04. Altus Group had a return on equity of 1.70% and a net margin of 1.32%. The business had revenue of C$191.57 million for the quarter, compared to the consensus estimate of C$192.55 million. Equities analysts forecast that Altus Group will post 2.0802096 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Alex Probyn sold 11,087 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$51.84, for a total transaction of C$574,750.08. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AIF. TD Securities lifted their price target on shares of Altus Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Scotiabank increased their price target on Altus Group from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Canaccord Genuity Group lowered their target price on Altus Group from C$63.00 to C$59.00 and set a “buy” rating for the company in a research note on Monday, January 29th. CIBC increased their price objective on shares of Altus Group from C$51.50 to C$52.50 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets raised their price target on shares of Altus Group from C$48.00 to C$51.00 and gave the company a “market perform” rating in a report on Friday, February 23rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Altus Group presently has a consensus rating of “Hold” and a consensus target price of C$52.72.

Check Out Our Latest Stock Analysis on Altus Group

About Altus Group

(Get Free Report)

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.

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Dividend History for Altus Group (TSE:AIF)

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