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Altus Group ( (TSE:AIF) ) has shared an update.
Altus Group has agreed to sell its Canadian commercial real estate appraisals business to an affiliate of Newmark Group, with the unit to be folded into Newmark’s Valuation & Advisory platform. The divestiture advances Altus’s strategy to streamline its portfolio around core analytics, while Newmark strengthens its presence in Canada by adding a 25-year-old appraisal franchise with eight offices, more than 140 professionals and over 3,000 clients.
As part of the deal, Newmark signed a multi-year license for global access to ARGUS Intelligence and several other Altus analytics products, expanding its recurring software and data subscriptions. Altus will continue to invest in the Canadian market through its software and data offerings, while Newmark gains added scale, local depth and a new Canadian head of Valuation & Advisory, positioning both firms to capitalize on growing demand for independent CRE valuation and analytics.
The most recent analyst rating on (TSE:AIF) stock is a Hold with a C$45.00 price target. To see the full list of analyst forecasts on Altus Group stock, see the TSE:AIF Stock Forecast page.
Spark’s Take on TSE:AIF Stock
According to Spark, TipRanks’ AI Analyst, TSE:AIF is a Neutral.
The score is primarily supported by strong underlying financial performance (growth, profitability, and a solid balance sheet) and generally constructive earnings-call operational metrics (margin expansion and cash flow). This is meaningfully offset by very weak technicals (clear downtrend with depressed momentum) and a mixed outlook due to guidance reduction and leadership transition, with valuation also constrained by a negative P/E.
To see Spark’s full report on TSE:AIF stock, click here.
More about Altus Group
Altus Group is a Toronto-based provider of commercial real estate intelligence, best known for its ARGUS software platform used for valuation and performance analytics. The company offers a suite of software and data solutions, including ARGUS Intelligence, Forbury, ARGUS EstateMaster, Reonomy and Altus Data Studio, serving CRE professionals and institutional clients across global markets.
Average Trading Volume: 216,132
Technical Sentiment Signal: Sell
Current Market Cap: C$1.69B
Find detailed analytics on AIF stock on TipRanks’ Stock Analysis page.