Altus Group (TSE:AIF) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Altus Group's stock price crossed above its 200-day moving average, reaching as high as C$56.05 before closing at C$55.42.
• Analysts have mixed opinions on Altus Group, with CIBC and Royal Bank of Canada lowering price targets while BMO Capital Markets raised theirs, leaving a consensus target price of C$57.00.
• The company announced a quarterly dividend of **$0.15 per share**, resulting in an annualized yield of 1.07%, but it has a very high dividend payout ratio of **1,049.89%**.

Altus Group Limited (TSE:AIF - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$53.61 and traded as high as C$56.05. Altus Group shares last traded at C$55.42, with a volume of 102,521 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently commented on AIF. CIBC decreased their target price on Altus Group from C$57.00 to C$54.00 in a research report on Thursday, April 17th. Royal Bank Of Canada cut their price target on Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets boosted their price target on Altus Group from C$60.00 to C$62.00 in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$57.00.

Altus Group Stock Up 0.6%

The firm has a 50 day simple moving average of C$53.75 and a two-hundred day simple moving average of C$53.61. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. The stock has a market capitalization of C$2.64 billion, a P/E ratio of 991.97, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.06%. Altus Group's payout ratio is presently 1,049.89%.

Insider Buying and Selling at Altus Group

In other Altus Group news, Director Anthony Long sold 3,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of C$56.16, for a total transaction of C$168,468.00. Also, Senior Officer Kimberly Carter sold 725 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$55.00, for a total value of C$39,875.00. 4.05% of the stock is owned by corporate 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.