Altus Group (TSE:AIF) Stock Passes Above 200 Day Moving Average – Should You Sell?

Altus Group Limited (TSE:AIF) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$54.68 and traded as high as C$56.76. Altus Group shares last traded at C$55.62, with a volume of 83,750 shares traded.

Analyst Ratings Changes

AIF has been the topic of a number of analyst reports. National Bankshares upped their price target on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. CIBC upped their target price on shares of Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada raised their price target on shares of Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$57.11.

Altus Group Price Performance

The stock has a market capitalization of C$2.57 billion, a P/E ratio of 930.83, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The business’s 50 day moving average price is C$56.88 and its 200 day moving average price is C$54.80. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. Altus Group’s dividend payout ratio is presently 1,000.00%.

Insider Activity

In other Altus Group news, Director William Brennan sold 11,150 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of C$55.45, for a total transaction of C$618,267.50. Insiders have bought 48,973 shares of company stock valued at $2,790,608 in the last ninety days. 4.05% of the stock is currently owned by company insiders.

Altus Group Company Profile

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.