Insider Selling: Altus Group Limited (TSE:AIF) Senior Officer Sells 725 Shares of Stock

Altus Group Limited (TSE:AIF - Get Free Report) Senior Officer Kimberly Carter sold 725 shares of Altus Group stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$55.00, for a total transaction of C$39,875.00.

Altus Group Stock Up 0.3%

Altus Group stock traded up C$0.14 during midday trading on Friday, reaching C$54.61. The company's stock had a trading volume of 298,758 shares, compared to its average volume of 98,309. The business has a 50-day simple moving average of C$51.75 and a 200-day simple moving average of C$54.71. The company has a quick ratio of 1.30, a current ratio of 2.09 and a debt-to-equity ratio of 55.91. Altus Group Limited has a fifty-two week low of C$46.09 and a fifty-two week high of C$61.09. The company has a market cap of C$2.54 billion, a P/E ratio of 955.58, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.10%. Altus Group's dividend payout ratio is currently 1,049.89%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of Altus Group from C$60.00 to C$62.00 in a report on Thursday, May 22nd. CIBC dropped their price objective on Altus Group from C$57.00 to C$54.00 in a research note on Thursday, April 17th. Finally, Royal Bank of Canada decreased their price objective on Altus Group from C$62.00 to C$58.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Altus Group has an average rating of "Hold" and a consensus target price of C$57.44.

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.