Insider Buying: Altus Group Limited (TSE:AIF) Director Acquires C$878,602.00 in Stock

Altus Group Limited (TSE:AIF) Director William Brennan purchased 15,320 shares of Altus Group stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of C$57.35 per share, for a total transaction of C$878,602.00.

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

• On Thursday, September 26th, William Brennan sold 18,551 shares of Altus Group stock. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32.
• On Tuesday, September 24th, William Brennan bought 500 shares of Altus Group stock. The stock was purchased at an average price of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Performance

Shares of Altus Group stock opened at C$57.73 on Thursday. Altus Group Limited has a one year low of C$37.82 and a one year high of C$59.60. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. The business’s 50 day moving average price is C$54.20 and its 200 day moving average price is C$52.24. The company has a market cap of C$2.66 billion, a price-to-earnings ratio of 962.17, a PEG ratio of 0.96 and a beta of 0.82.

Altus Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Altus Group’s payout ratio is currently 1,000.00%.

Analyst Ratings Changes

Several brokerages have recently commented on AIF. TD Securities lowered their price objective on Altus Group from C$65.00 to C$63.00 and set a “buy” rating for the company in a research note on Friday, August 9th. National Bankshares raised their price target on Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Cormark decreased their price target on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Scotiabank cut their price target on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a research note on Friday, August 9th. Finally, CIBC cut their price target on shares of Altus Group from C$53.00 to C$52.00 in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Altus Group presently has a consensus rating of “Hold” and an average target price of C$56.22.

Altus Group Company Profile

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.