Altus Group (TSE:AIF – Free Report) had its price target decreased by TD Securities from C$70.00 to C$52.00 in a research note released on Monday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
AIF has been the topic of a number of other reports. Royal Bank of Canada dropped their price target on shares of Altus Group from C$55.00 to C$52.00 and set a sector perform rating on the stock in a research report on Friday. National Bank Financial downgraded shares of Altus Group from an outperfrom under weight rating to a sector perform under weight rating in a report on Thursday, November 9th. Cormark decreased their price objective on shares of Altus Group from C$66.00 to C$54.00 in a report on Friday. Canaccord Genuity Group decreased their price objective on shares of Altus Group from C$73.00 to C$63.00 and set a buy rating for the company in a report on Friday. Finally, CIBC decreased their price objective on shares of Altus Group from C$58.00 to C$51.50 in a report on Friday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Altus Group presently has a consensus rating of Hold and a consensus price target of C$54.25.
Altus Group Stock Down 0.9 %
Altus Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. Altus Group’s payout ratio is 352.94%.
About Altus Group
Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE).It operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, and advisory solutions primarily for CRE asset valuations for the purpose of performance, development, and investment management; 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.
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