Colliers International Group Inc. (NASDAQ:CIGI) to Issue $0.15 Quarterly Dividend

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) declared a quarterly dividend on Monday, May 11th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th.

Colliers International Group has raised its dividend payment by an average of 0.2%per year over the last three years. Colliers International Group has a payout ratio of 4.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Colliers International Group to earn $7.37 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 4.1%.

Colliers International Group Stock Down 2.7%

Shares of Colliers International Group stock opened at $95.99 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.23 and a quick ratio of 1.10. The company has a 50-day moving average of $108.71 and a 200 day moving average of $130.60. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 59.25 and a beta of 1.31. Colliers International Group has a 1 year low of $94.57 and a 1 year high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.01). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.26 billion. Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. As a group, sell-side analysts anticipate that Colliers International Group will post 6.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

CIGI has been the subject of several research reports. Royal Bank Of Canada decreased their price target on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. National Bank Financial decreased their price target on shares of Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Stifel Nicolaus set a $175.00 price objective on shares of Colliers International Group in a research note on Friday, March 13th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $162.89.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.