Altus Group (TSE:AIF – Free Report) had its price objective cut by Canaccord Genuity Group from C$66.00 to C$63.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.
Several other equities research analysts have also commented on AIF. Eight Capital upped their price objective on Altus Group from C$50.00 to C$55.00 in a research note on Wednesday. Scotiabank increased 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 cut their price target on Altus Group from C$59.00 to C$55.00 and set a buy rating for the company in a research note on Tuesday, May 21st. National Bankshares increased their price target on Altus Group from C$50.00 to C$55.00 and gave the stock a sector perform rating in a research note on Thursday, April 18th. Finally, BMO Capital Markets set a C$59.00 price target on Altus Group in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Altus Group presently has a consensus rating of Hold and a consensus price target of C$57.67.
Check Out Our Latest Stock Report on Altus Group
Altus Group Price Performance
Altus Group (TSE:AIF – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.33 EPS for the quarter, missing the consensus estimate of C$0.42 by C($0.09). The company had revenue of C$199.54 million during the quarter, compared to analysts’ expectations of C$198.85 million. Altus Group had a return on equity of 2.06% and a net margin of 1.60%. On average, equities analysts anticipate that Altus Group will post 1.9806823 EPS for the current year.
Altus Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, June 28th. Altus Group’s payout ratio is 222.22%.
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.
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