Altus Group Ltd (TSE:AIF)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$27.38 and last traded at C$27.56, with a volume of 93297 shares trading hands. The stock had previously closed at C$28.40.
Separately, Royal Bank of Canada cut their target price on Altus Group from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 31st.
Altus Group (TSE:AIF) last released its earnings results on Tuesday, August 7th. The company reported C$0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.35 by C$0.05. The firm had revenue of C$134.22 million for the quarter, compared to analysts’ expectations of C$133.40 million. Altus Group had a negative return on equity of 3.34% and a negative net margin of 2.80%.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Sunday, September 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, September 27th.
About Altus Group (TSE:AIF)
Altus Group Limited provides independent advisory services, software, and data solutions to the commercial real estate (CRE) industry. The company operates through Altus Analytics, CRE Consulting, and Geomatics segments. The Altus Analytics segment offers data, analytics software, and technology-related services, such as ARGUS Enterprise (AE), a software for valuation, and portfolio management; ARGUS Developer, a software for feasibility analysis and assessments; ARGUS EstateMaster, a software for development feasibility analysis; ARGUS on Demand, a hosted version of AE and ARGUS Developer; and Voyanta, a cloud-based data management solution.
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