Altus Group Limited (TSE:AIF) Director Anthony Long Sells 3,000 Shares

Altus Group Limited (TSE:AIF) Director Anthony Long sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of C$56.16, for a total value of C$168,468.00.

Altus Group Trading Down 0.4%

TSE:AIF opened at C$54.75 on Friday. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30. The firm has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 958.03, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Altus Group Limited has a one year low of C$46.09 and a one year high of C$61.09. The business has a fifty day moving average price of C$51.43 and a 200-day moving average price of C$54.69.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%. Altus Group’s payout ratio is presently 1,049.89%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank of Canada cut their target price on Altus Group from C$62.00 to C$58.00 and set a “sector perform” rating on the stock in a research note 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. Finally, BMO Capital Markets raised their target price on Altus Group from C$60.00 to C$62.00 in a research note on Thursday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$57.44.

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.