Altus Group - AIF Stock Forecast, Price & News

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software. This segment also offers data subscription products that provide real estate information on the residential, office, industrial, and investment markets; and advisory and managed services. This segment serves equity and debt investors, valuers and appraisers, brokers, developers, banks, and public entities. The CRE Consulting segment offers real estate property tax services, including assessment reviews, management, and appeals, as well as personal property, and state and local tax advisory services; valuation services, such as appraisals of real estate portfolios, valuation of properties, due diligence, litigation, and economic consulting services; and construction feasibility study, budgeting, cost and loan monitoring, and project management services to owner operators, developers, financial institutions, and CRE asset holders and investors. The company was founded in 2005 and is headquartered in Toronto, Canada.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AIF shares. Cormark raised their price target on shares of Altus Group from C$65.00 to C$66.00 in a research report on Friday, August 12th. Stifel Nicolaus upped their target price on Altus Group from C$55.00 to C$62.00 in a report on Friday, August 12th. CIBC lifted their price target on Altus Group from C$54.00 to C$58.00 and gave the stock a "neutral" rating in a report on Friday, August 12th. TD Securities reduced their price objective on Altus Group from C$71.00 to C$65.00 and set a "buy" rating for the company in a research note on Thursday, May 5th. Finally, Royal Bank of Canada raised their target price on Altus Group from C$61.00 to C$70.00 and gave the company an "outperform" rating in a research report on Friday, August 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$66.50.

Altus Group Stock Down 2.7 %

Shares of AIF Stock traded down C$1.51 on Wednesday, hitting C$54.38. The stock's 50-day moving average is C$48.22 and its 200 day moving average is C$48.62. Altus Group has a 12-month low of C$41.27 and a 12-month high of C$72.33. The stock has a market capitalization of C$2.43 billion and a P/E ratio of 199.61. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 67.14.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, June 29th. Altus Group's dividend payout ratio (DPR) is currently 214.29%.

Insider Activity at Altus Group

In other Altus Group news, Senior Officer James Hannon acquired 1,100 shares of Altus Group stock in a transaction that occurred on Friday, June 17th. The stock was acquired at an average cost of C$31.97 per share, for a total transaction of C$35,167.00. Following the purchase, the insider now owns 3,000 shares of the company's stock, valued at C$95,910.