Altus Group Limited (AIF) To Go Ex-Dividend on March 31st

Altus Group Limited (TSE:AIF) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors 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 yield of 1.17%. The ex-dividend date of this dividend is Monday, March 31st.

Altus Group Trading Down 1.9 %

TSE AIF traded down C$0.97 during trading on Friday, hitting C$51.10. The company had a trading volume of 54,367 shares, compared to its average volume of 93,049. The company’s fifty day moving average is C$55.35 and its 200-day moving average is C$55.44. Altus Group has a one year low of C$46.09 and a one year high of C$61.09. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. The company 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.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. CIBC lowered their price objective on shares of Altus Group from C$60.00 to C$57.00 in a report on Friday, February 21st. Royal Bank of Canada upped their target price on shares of Altus Group from C$56.00 to C$62.00 in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$57.44.

Insiders Place Their Bets

In other news, Director William Brennan acquired 600 shares of Altus Group stock in a transaction that occurred on Friday, March 21st. The stock was bought 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 firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$54.28, for a total value of C$135,700.00. 4.05% of the stock is owned by insiders.

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.