Insider Selling: Altus Group Limited (TSE:AIF) Director Sells 18,551 Shares of Stock

Altus Group Limited (TSE:AIF) Director William Brennan sold 18,551 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total value of C$1,026,241.32.

William Brennan also recently made the following trade(s):

• On Tuesday, September 24th, William Brennan purchased 500 shares of Altus Group stock. The shares were bought at an average cost of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Performance

Shares of AIF stock opened at C$54.61 on Friday. Altus Group Limited has a 12 month low of C$35.29 and a 12 month high of C$59.60. The firm has a market capitalization of C$2.51 billion, a P/E ratio of 910.17, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30. The company’s fifty day moving average price is C$54.52 and its two-hundred day moving average price is C$51.73.

Altus Group (TSE:AIF) last announced its earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.23. The company had revenue of C$206.71 million for the quarter, compared to analyst estimates of C$132.50 million. Altus Group had a return on equity of 0.48% and a net margin of 0.37%. On average, research analysts anticipate that Altus Group Limited will post 1.6875773 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%. Altus Group’s dividend payout ratio (DPR) is 1,000.00%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AIF. TD Securities lowered their price target on Altus Group from C$65.00 to C$63.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Eight Capital raised their price target on shares of Altus Group from C$50.00 to C$55.00 in a report on Wednesday, July 10th. CIBC boosted their price objective on shares of Altus Group from C$53.00 to C$54.00 in a research note on Wednesday, July 10th. Scotiabank cut their target price on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Friday, August 9th. Finally, Canaccord Genuity Group reduced their target price on shares of Altus Group from C$66.00 to C$63.00 in a report on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Altus Group has a consensus rating of “Hold” and an average price target of C$56.33.

About Altus Group

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.