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

Altus Group Limited (TSE:AIF) declared a quarterly dividend on Monday, May 12th, RTT News reports. Investors of record on Monday, June 30th will be given a dividend of 0.15 per share on Tuesday, July 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%.

Altus Group Stock Up 2.6%

Shares of Altus Group stock traded up C$1.40 during trading on Monday, reaching C$56.17. 169,060 shares of the company traded hands, compared to its average volume of 98,293. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. Altus Group has a 1-year low of C$46.09 and a 1-year high of C$61.09. The company has a 50 day moving average price of C$50.77 and a 200-day moving average price of C$54.57. The firm has a market capitalization of C$2.61 billion, a PE ratio of 982.87, a P/E/G ratio of 0.96 and a beta of 0.82.

Insider Buying and Selling 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 shares were sold at an average price of C$54.28, for a total value of C$135,700.00. Also, Director William Brennan purchased 22,156 shares of the stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of C$52.09 per share, for a total transaction of C$1,154,106.04. Insiders own 4.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AIF shares. CIBC dropped their target price on shares of Altus Group from C$57.00 to C$54.00 in a research report on Thursday, April 17th. Royal Bank of Canada lowered their price objective on shares of Altus Group from C$62.00 to C$58.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Altus Group presently has a consensus rating of “Hold” and a consensus target price of C$56.67.

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.