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

Altus Group Limited (TSE:AIF) announced a quarterly dividend on Monday, May 12th, RTT News reports. Investors of record on Monday, June 30th will be paid a dividend of 0.15 per share on Tuesday, July 15th. This represents a $0.60 annualized dividend and a yield of 1.08%.

Altus Group Stock Performance

TSE:AIF opened at C$55.76 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The company has a market cap of C$2.60 billion, a price-to-earnings ratio of 975.70, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a fifty day simple moving average of C$50.85 and a two-hundred day simple moving average of C$54.59. Altus Group has a 52 week low of C$46.09 and a 52 week high of C$61.09.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AIF. Royal Bank of Canada reduced their price target on shares of Altus Group from C$62.00 to C$58.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 22nd. CIBC cut their target price on Altus Group from C$57.00 to C$54.00 in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Altus Group currently has an average rating of “Hold” and an average price target of C$56.67.

Insider Transactions at Altus Group

In other Altus Group news, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of Altus Group stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$54.28, for a total value of C$135,700.00. Also, Director William Brennan acquired 600 shares of the stock in a transaction on Friday, March 21st. The stock was bought at an average cost of C$51.00 per share, with a total value of C$30,600.00. 4.05% of the stock is owned by insiders.

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.