Altus Group Limited (AIF) to Issue Quarterly Dividend of $0.15 on July 15th

Altus Group Limited (TSE:AIF) announced a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Wednesday, July 15th will be given a dividend of 0.15 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th.

Altus Group Price Performance

Shares of TSE:AIF opened at C$44.27 on Friday. Altus Group has a fifty-two week low of C$36.97 and a fifty-two week high of C$63.07. The business has a 50-day simple moving average of C$44.69 and a two-hundred day simple moving average of C$47.55. The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.30 and a current ratio of 0.71. The firm has a market cap of C$1.58 billion, a price-to-earnings ratio of -2,213.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.33.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. The firm had revenue of C$108.23 million for the quarter. On average, analysts expect that Altus Group will post 1.7263823 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. ATB Cormark Capital Markets lifted their target price on shares of Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, National Bank Financial decreased their target price on shares of Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Altus Group currently has an average rating of “Hold” and an average target price of C$55.62.

Altus Group Company Profile

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.