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 the business’s stock in a transaction on Tuesday, November 12th. The stock was 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, November 14th, William Brennan bought 11,744 shares of Altus Group stock. The shares were purchased at an average cost of C$57.30 per share, for a total transaction of C$672,931.20.
• On Thursday, September 26th, William Brennan sold 18,551 shares of Altus Group stock. The shares were 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 acquired 500 shares of Altus Group stock. The shares were acquired at an average price of C$54.48 per share, for a total transaction of C$27,240.00.

Altus Group Stock Down 1.5 %

Shares of TSE:AIF opened at C$56.22 on Friday. Altus Group Limited has a 1 year low of C$38.17 and a 1 year high of C$59.60. The company has a market capitalization of C$2.59 billion, a PE ratio of 937.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The business has a fifty day moving average price of C$54.30 and a two-hundred day moving average price of C$52.33. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.07%. Altus Group’s payout ratio is currently 1,000.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AIF shares. TD Securities decreased their target price on shares of 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. Royal Bank of Canada boosted their price objective on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. Cormark dropped their target price on 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. National Bankshares increased their price target on Altus Group from C$50.00 to C$55.00 in a research report on Thursday, September 19th. Finally, Scotiabank cut their price objective on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$56.22.

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.