Altus Group Limited (TSE:AIF – Get Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$49.77 and traded as high as C$50.35. Altus Group shares last traded at C$50.21, with a volume of 30,935 shares.
Analyst Ratings Changes
A number of research firms have recently commented on AIF. TD Securities dropped their price objective on Altus Group from C$71.00 to C$65.00 and set a “buy” rating on the stock in a report on Thursday, May 5th. Cormark lowered their price target on Altus Group from C$72.50 to C$65.00 and set a “market perform” rating for the company in a report on Thursday, May 5th. Stifel Nicolaus assumed coverage on Altus Group in a report on Wednesday, April 27th. They issued a “buy” rating and a C$55.00 price target for the company. Royal Bank of Canada lowered their price target on Altus Group from C$72.00 to C$61.00 and set an “outperform” rating for the company in a report on Thursday, May 5th. Finally, BMO Capital Markets lowered their price target on Altus Group from C$74.00 to C$67.00 in a report on Thursday, May 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$64.00.
Altus Group Stock Performance
The company has a debt-to-equity ratio of 67.14, a current ratio of 1.51 and a quick ratio of 1.50. The stock has a market capitalization of C$2.23 billion and a PE ratio of 179.32. The stock has a 50 day moving average of C$46.03 and a two-hundred day moving average of C$49.77.
Altus Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.60 annualized dividend and a yield of 1.19%. Altus Group’s dividend payout ratio is presently 214.29%.
Insiders Place Their Bets
In related news, Senior Officer James Hannon purchased 1,100 shares of the company’s stock in a transaction on Friday, June 17th. The stock was bought at an average price of C$31.97 per share, with a total value of C$35,167.00. Following the completion of the transaction, the insider now owns 3,000 shares of the company’s stock, valued at approximately C$95,910. In other Altus Group news, Senior Officer James Hannon purchased 1,100 shares of the stock in a transaction on Friday, June 17th. The stock was bought at an average price of C$31.97 per share, for a total transaction of C$35,167.00. Following the acquisition, the insider now directly owns 3,000 shares of the company’s stock, valued at C$95,910. Also, Senior Officer Angelo Bartolini sold 3,100 shares of the stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of C$43.58, for a total transaction of C$135,098.00. Following the transaction, the insider now owns 35,334 shares in the company, valued at C$1,539,855.72. Over the last 90 days, insiders sold 6,040 shares of company stock valued at $266,706.
Altus Group Company Profile
Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software.
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