Altus Group Limited (TSE:AIF – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$46.33 and traded as high as C$47.12. Altus Group shares last traded at C$45.19, with a volume of 123,583 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. National Bank Financial cut their price target on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. BMO Capital Markets lifted their price objective on shares of Altus Group from C$48.00 to C$54.00 in a research note on Thursday, April 16th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Altus Group presently has an average rating of “Hold” and a consensus target price of C$55.62.
Altus Group Stock Down 3.6%
Altus Group (TSE:AIF – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. The business had revenue of C$108.23 million during the quarter. Altus Group had a negative return on equity of 2.76% and a negative net margin of 3.42%. As a group, equities analysts anticipate that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.
Altus Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 30th. Altus Group’s dividend payout ratio (DPR) is presently -3,000.00%.
Insider Buying and Selling at Altus Group
In other news, Director William Brennan purchased 106,515 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of C$42.80 per share, for a total transaction of C$4,558,842.00. Following the completion of the acquisition, the director directly owned 3,479,874 shares of the company’s stock, valued at C$148,938,607.20. The trade was a 3.16% increase in their ownership of the stock. Insiders have purchased 190,392 shares of company stock valued at $8,052,187 over the last quarter. Company insiders own 4.05% of the company’s stock.
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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.
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