Kimberly Carter Sells 1,100 Shares of Altus Group Limited (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Senior Officer Kimberly Carter sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total transaction of C$59,400.00.

Altus Group Trading Up 2.8 %

AIF opened at C$55.35 on Friday. The stock has a market capitalization of C$2.55 billion, a P/E ratio of 922.50, a P/E/G ratio of 0.96 and a beta of 0.82. Altus Group Limited has a 12 month low of C$35.29 and a 12 month high of C$59.60. The firm’s fifty day simple moving average is C$53.07 and its 200 day simple moving average is C$50.78. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.23. The business had revenue of C$206.71 million for the quarter, compared to analysts’ expectations of C$132.50 million. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. As a group, research analysts anticipate that Altus Group Limited will post 1.4170507 EPS for the current fiscal year.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.15 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 1.08%. Altus Group’s dividend payout ratio is currently 1,000.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. CIBC raised their price objective on shares of Altus Group from C$53.00 to C$54.00 in a research note on Wednesday, July 10th. TD Securities reduced their price objective on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada increased their target price on shares of Altus Group from C$52.00 to C$55.00 in a report on Friday, August 9th. Canaccord Genuity Group cut their target price on shares of Altus Group from C$66.00 to C$63.00 in a report on Wednesday, July 10th. Finally, Eight Capital increased their target price on shares of Altus Group from C$50.00 to C$55.00 in a report on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Altus Group presently has a consensus rating of “Hold” and an average price target of C$56.33.

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.