Altus Group Limited (TSE:AIF) to Issue $0.15 Quarterly Dividend

Altus Group Limited (TSE:AIF) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, March 31st.

Altus Group Trading Down 1.9 %

Shares of TSE:AIF traded down C$0.97 during midday trading on Friday, reaching C$51.10. The company had a trading volume of 54,367 shares, compared to its average volume of 93,049. The company has a fifty day simple moving average of C$55.35 and a two-hundred day simple moving average of C$55.44. The firm has a market cap of C$2.38 billion, a price-to-earnings ratio of 894.16, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09. Altus Group has a 1-year low of C$46.09 and a 1-year high of C$61.09.

Insider Buying and Selling at Altus Group

In other Altus Group news, Director William Brennan purchased 600 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of C$51.00 per share, for a total transaction of C$30,600.00. Also, Senior Officer Kamila (Camilla) Bartosiewicz sold 2,500 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$54.28, for a total transaction of C$135,700.00. Corporate insiders own 4.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AIF shares. Royal Bank of Canada raised their price objective on shares of Altus Group from C$56.00 to C$62.00 in a research note on Friday, February 21st. CIBC decreased their price target on shares of Altus Group from C$60.00 to C$57.00 in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Altus Group currently has an average rating of “Hold” and an average target price of C$57.44.

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.