Shares of Altus Group Limited (TSE:AIF – Get Free Report) rose 20.2% during trading on Friday following a dividend announcement from the company. The stock traded as high as C$52.82 and last traded at C$52.66. Approximately 61,774 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 86,850 shares. The stock had previously closed at C$43.80.
The newly announced dividend which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.18%. Altus Group’s dividend payout ratio is presently 315.79%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Cormark raised their target price on Altus Group from C$62.00 to C$66.00 in a report on Friday. BMO Capital Markets lifted their price target on Altus Group from C$66.00 to C$68.00 in a report on Friday. National Bankshares dropped their price target on Altus Group from C$75.00 to C$65.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Canaccord Genuity Group lifted their price target on Altus Group from C$69.00 to C$73.00 in a report on Friday. Finally, Scotiabank dropped their price target on Altus Group from C$69.00 to C$59.00 in a report on Monday, May 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$64.80.
Altus Group Stock Performance
The company has a debt-to-equity ratio of 67.43, a current ratio of 1.58 and a quick ratio of 1.30. The company has a 50 day simple moving average of C$44.94 and a 200-day simple moving average of C$50.73. The stock has a market cap of C$2.30 billion, a P/E ratio of 267.58, a price-to-earnings-growth ratio of 0.96 and a beta of 0.92.
Altus Group Company Profile
Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE).It operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, and advisory solutions primarily for CRE asset valuations for the purpose of performance, development, and investment management; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.
Further Reading
- Five stocks we like better than Altus Group
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- MarketBeat Week in Review – 8/7 – 8/11
- High Flyers: 3 Natural Gas Stocks for March 2022
- 3 Retailers To Watch Closely Next Week
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Investing in Coffee: 3 Great Strategies to Consider
Receive News & Ratings for Altus Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altus Group and related companies with MarketBeat.com's FREE daily email newsletter.
