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

Altus Group Limited (TSE:AIF) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Sunday, June 30th will be given a dividend of 0.15 per share on Monday, July 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, June 28th.

Altus Group Price Performance

TSE AIF traded down C$1.42 during trading on Friday, hitting C$49.35. 457,168 shares of the stock traded hands, compared to its average volume of 80,053. The company has a market capitalization of C$2.25 billion, a P/E ratio of 224.32, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. Altus Group has a 12-month low of C$35.29 and a 12-month high of C$54.18. The firm has a 50-day simple moving average of C$51.27 and a 200-day simple moving average of C$46.44. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 59.01.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.42 by C$0.04. The firm had revenue of C$191.57 million for the quarter, compared to analysts’ expectations of C$192.55 million. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. As a group, analysts predict that Altus Group will post 2.0611995 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. CIBC dropped their target price on Altus Group from C$52.50 to C$51.00 and set a “neutral” rating for the company in a report on Friday. BMO Capital Markets boosted their price objective on shares of Altus Group from C$48.00 to C$51.00 and gave the company a “market perform” rating in a research report on Friday, February 23rd. Scotiabank lifted their price target on shares of Altus Group from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Canaccord Genuity Group reduced their price objective on shares of Altus Group from C$63.00 to C$59.00 and set a “buy” rating on the stock in a research report on Monday, January 29th. Finally, TD Securities raised their price objective on shares of Altus Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Altus Group currently has a consensus rating of “Hold” and a consensus target price of C$53.11.

Insider Activity

In other news, Director Alex Probyn sold 11,087 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$51.84, for a total transaction of C$574,750.08. Insiders own 4.05% of the company’s stock.

About Altus Group

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.