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

Altus Group Limited (TSE:AIF) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, March 31st.

Altus Group Stock Performance

TSE AIF traded down C$0.97 during trading hours on Friday, hitting C$51.10. The company’s stock had a trading volume of 54,367 shares, compared to its average volume of 93,049. Altus Group has a 12 month low of C$46.09 and a 12 month high of C$61.09. The company’s 50 day simple moving average is C$55.35 and its two-hundred day simple moving average is C$55.44. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The company has a market cap of C$2.38 billion, a P/E ratio of 894.16, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AIF. CIBC reduced their price target on shares of Altus Group from C$60.00 to C$57.00 in a research note on Friday, February 21st. Royal Bank of Canada lifted their target price on shares of Altus Group from C$56.00 to C$62.00 in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$57.44.

Insider Activity at Altus Group

In other Altus Group news, Director William Brennan sold 11,150 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of C$55.45, for a total transaction of C$618,267.50. Also, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$54.28, for a total value of C$135,700.00. 4.05% of the stock is currently owned by company insiders.

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.