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

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

Altus Group Trading Down 1.9 %

Shares of AIF stock traded down C$0.97 during trading hours on Friday, reaching C$51.10. The company’s stock had a trading volume of 54,367 shares, compared to its average volume of 93,049. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. Altus Group has a one year low of C$46.09 and a one year high of C$61.09. The stock has a market capitalization of C$2.38 billion, a P/E ratio of 894.16, a P/E/G ratio of 0.96 and a beta of 0.82. The firm’s fifty day simple moving average is C$55.35 and its 200 day simple moving average is C$55.44.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AIF shares. CIBC dropped their target price on shares of Altus Group from C$60.00 to C$57.00 in a research report on Friday, February 21st. Royal Bank of Canada lifted their price objective on Altus Group from C$56.00 to C$62.00 in a research report on Friday, February 21st. Four 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.com, the company presently has an average rating of “Hold” and an average price target of C$57.44.

Insiders Place Their Bets

In related news, Director William Brennan bought 600 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of C$51.00 per share, with a total value of C$30,600.00. Also, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$54.28, for a total value of C$135,700.00. Corporate insiders own 4.05% of the company’s stock.

About Altus Group

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.