William Brennan Sells 18,551 Shares of Altus Group Limited (TSE:AIF) Stock

Altus Group Limited (TSE:AIF) Director William Brennan sold 18,551 shares of Altus Group stock in a transaction that occurred on 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 bought 500 shares of Altus Group stock. The stock was acquired at an average cost of C$54.48 per share, with a total value of C$27,240.00.

Altus Group Stock Down 1.1 %

TSE:AIF opened at C$54.61 on Monday. 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 stock 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’s 50-day simple moving average is C$54.52 and its 200-day simple moving average is C$51.73. Altus Group Limited has a fifty-two week low of C$35.29 and a fifty-two week high of C$59.60.

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

Altus Group Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on AIF. Canaccord Genuity Group lowered their price objective on shares of Altus Group from C$66.00 to C$63.00 in a research report on Wednesday, July 10th. BMO Capital Markets dropped their target price on Altus Group from C$59.00 to C$55.00 in a research report on Friday, August 9th. National Bankshares upped their price target on shares of Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. Eight Capital boosted their price target on Altus Group from C$50.00 to C$55.00 in a report on Wednesday, July 10th. Finally, Cormark dropped their target price 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. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Altus Group currently has an average rating of “Hold” and an average target price of C$56.33.

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.