Altus Group (TSE:AIF) Hits New 1-Year High at $56.15

Altus Group Limited (TSE:AIF)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$56.15 and last traded at C$55.98, with a volume of 16664 shares traded. The stock had previously closed at C$55.33.

Analyst Ratings Changes

AIF has been the subject of several analyst reports. Canaccord Genuity Group reduced their price objective on Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10th. Scotiabank lifted their price target on Altus Group from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 21st. TD Securities increased their price objective on Altus Group from C$55.00 to C$65.00 in a research note on Wednesday, July 10th. Cormark lifted their target price on shares of Altus Group from C$60.00 to C$63.00 in a research note on Wednesday, July 10th. Finally, Eight Capital upped their price target on shares of Altus Group from C$50.00 to C$55.00 in a report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Altus Group currently has an average rating of “Hold” and a consensus target price of C$57.67.

Altus Group Price Performance

The company has a market cap of C$2.56 billion, a PE ratio of 205.81, a PEG ratio of 0.96 and a beta of 0.79. The firm’s 50-day moving average is C$49.19 and its 200-day moving average is C$48.65. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 62.20.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, May 2nd. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.09). Altus Group had a return on equity of 2.06% and a net margin of 1.60%. The firm had revenue of C$199.54 million for the quarter, compared to analysts’ expectations of C$198.85 million. On average, equities analysts anticipate that Altus Group Limited will post 1.9806823 EPS for the current year.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. Altus Group’s dividend payout ratio (DPR) is 222.22%.

About Altus Group

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; 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.