Altus Group (TSE:AIF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Altus Group Limited (TSE:AIF)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$54.99 and traded as high as C$57.76. Altus Group shares last traded at C$57.49, with a volume of 45,104 shares traded.

Analyst Ratings Changes

Several analysts recently commented on AIF shares. CIBC increased their target price on shares of Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Royal Bank of Canada increased their target price on shares of Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Altus Group currently has a consensus rating of “Hold” and an average price target of C$57.11.

Altus Group Stock Performance

The firm’s 50-day simple moving average is C$56.88 and its two-hundred day simple moving average is C$55.11. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The stock has a market capitalization of C$2.66 billion, a PE ratio of 962.83, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.04). Altus Group had a net margin of 0.37% and a return on equity of 0.48%. During the same period in the previous year, the company posted $0.33 EPS. On average, equities research analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is 1,000.00%.

Insider Buying and Selling

In other news, Director William Brennan bought 11,744 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of C$57.30 per share, with a total value of C$672,931.20. Over the last three months, insiders purchased 48,973 shares of company stock worth $2,790,608. 4.05% of the stock is owned by company insiders.

Altus Group Company Profile

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.