Altus Group Ltd to Issue Quarterly Dividend of $0.15 (AIF)

Altus Group Ltd (TSE:AIF) declared a quarterly dividend on Thursday, June 14th, Zacks reports. Shareholders of record on Saturday, June 30th will be paid a dividend of 0.15 per share on Monday, July 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, June 28th.

Shares of Altus Group stock traded down C$0.02 during trading hours on Wednesday, reaching C$29.28. 2,531 shares of the company’s stock were exchanged, compared to its average volume of 91,269. Altus Group has a 52-week low of C$25.25 and a 52-week high of C$37.89.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, May 3rd. The company reported C$0.23 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.11). Altus Group had a negative return on equity of 3.34% and a negative net margin of 2.80%. The business had revenue of C$124.69 million for the quarter, compared to analysts’ expectations of C$125.85 million.

A number of research analysts have weighed in on the company. Canaccord Genuity reduced their price target on Altus Group from C$38.00 to C$36.00 in a research note on Friday, May 4th. BMO Capital Markets dropped their price objective on Altus Group from C$40.00 to C$39.00 in a report on Friday, May 4th. Scotiabank dropped their price objective on Altus Group from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday, May 4th. Finally, CIBC dropped their price objective on Altus Group from C$32.00 to C$30.00 in a report on Friday, May 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Altus Group currently has an average rating of “Buy” and a consensus price target of C$38.29.

About Altus Group

Altus Group Limited provides independent advisory services, software, and data solutions to the commercial real estate (CRE) industry. The company operates through Altus Analytics, CRE Consulting, and Geomatics segments. The Altus Analytics segment offers data, analytics software, and technology-related services, such as ARGUS Enterprise (AE), a software for valuation, and portfolio management; ARGUS Developer, a software for feasibility analysis and assessments; ARGUS EstateMaster, a software for development feasibility analysis; ARGUS on Demand, a hosted version of AE and ARGUS Developer; and Voyanta, a cloud-based data management solution.

Dividend History for Altus Group (TSE:AIF)

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